Ridley Corp. and its wholly owned subsidiaries, CSF Australia and CSF Protein NZ Restricted, have entered into an settlement to amass Oceania Meat Processors (OMP) for NZ$57 million.
OMP is a premium producer of mechanically deboned meat frozen block merchandise (MDM) and different uncooked supplies for the international pet meals business. MDM Merchandise are a key pillar of Ridley’s ingredient restoration progress technique. OMP is anticipated to make a significant contribution to this enterprise section and enhances Ridley’s providing to suppliers and pet meals prospects, stated the corporate.
Established in 2002, OMP is a number one provider of premium inputs to the worldwide pet meals business with roughly two-thirds produced at its operations in Melbourne, Australia (adjoining to Ridley’s current Ingredient Restoration facility in Laverton) and one-third at its operations in Timaru, New Zealand.
The enterprise produces multispecies merchandise, together with lamb, beef, venison and veal, and different elements that are equipped via established provide chains to home and worldwide prospects. Key administration personnel shall be secured as a part of the transaction.
“The acquisition of OMP represents a key milestone for Ridley’s Ingredient Restoration enterprise within the supply of its FY23-25 progress plan – offering a significant contribution to Ridley’s ambition to ‘climb the wall of worth’ by producing bespoke, increased worth vitamins from current and new uncooked materials suppliers,” stated Quinton Hildebrand, Ridley’s managing director and CE. “The acquisition additionally considerably will increase Ridley’s capability to service the home and worldwide pet meals business. We’re extraordinarily excited concerning the alternatives this acquisition supplies to Ridley, our suppliers and prospects, and sit up for the staff at OMP becoming a member of the Ridley enterprise.”
As an animal feed producer, Ridley serves a various mixture of species and life cycles with places in Australia and Thailand.
