Ridley Corp picks up NZ's Oceania Meat Processors for $57m

Ridley Corp picks up NZ's Oceania Meat Processors for $57m
Oceania Meat Processors' Timaru site. (Image: Google)
Riley Kennedy
New Zealand-owned petfood producer, Oceania Meat Processors (OMP), has signed a deal to sell to  Australian-listed Ridley Corporation for $57 million.Started in 2002 by Peter Cowan and Jim Workman, the Timaru-headquartered processor mechanically debones meat, frozen block products and other raw material for the global pet food market.Although it was started in South Canterbury, two-thirds of its operations are now in Melbourne, Australia with the remaining done in Timaru.Most of its product, which is sent into the US, is lamb with 9% of be...

More Primary Sector

Zespri on track for 'moderate increase' in volume next year
Primary Sector

Zespri on track for 'moderate increase' in volume next year

Zespri's producer vote to expand global supply passed this week.

Riley Kennedy 12 Dec 2024
Yashili NZ revenue dropped 42%
Primary Sector

Yashili NZ revenue dropped 42%

The Chinese-owned dairy processor’s accounts were due in May.

Riley Kennedy 12 Dec 2024
Zespri growers vote in favour of expanding global supply
Primary Sector

Zespri growers vote in favour of expanding global supply

Zespri’s growers have voted to support the expansion of the kiwifruit marketer’s global supply.A total of 90.6% of voting growers and 93.3% by fruit weight voted in favour of the resolution, which will allocate up to 420 hectares of SunGold fruit per year over six years in Italy,...

Riley Kennedy 11 Dec 2024