Silver Fern sells Napier tannery to Lowe in North Island toll processing deal

Wed, 26 Mar 2014

By Suze Metherell March 26 (BusinessDesk) – Silver Fern Farms has sold its Napier rendering plant to Lowe Corp for an undisclosed sum in a deal which will see New Zealand’s biggest meat processor and marketer outsource all of its North Island hide and pelt production this year. Leathers will be acquired by Lowe at the end of this month as part of a toll processing arrangement where the company will process and market all of Silver Fern’s hides, pelts and wools, in a move flagged last November that is set to “dramatically change” the sector....

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