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

Alliance Group on path back to profit
Primary Sector

Alliance Group on path back to profit

It now needs north of $200 million of capital to restore its balance sheet.

Riley Kennedy 23 Apr 2025
Potential Mainland buyers may soon tap regulators
Primary Sector

Potential Mainland buyers may soon tap regulators

Fonterra's divestment process is gaining traction.

Riley Kennedy 17 Apr 2025
TTR files fast-track application to mine Taranaki sand
Primary Sector

TTR files fast-track application to mine Taranaki sand

Seabed mining firm Trans-Tasman Resources has lodged its application to fast-track its project to harvest iron sands off the coast of Taranaki. The firm's parent company, Manuka Resources, told the Australian Securities Exchange (NZX) on Wednesday that the application was lod...

Staff reporters 16 Apr 2025