ZIWI has agreed to buy Hastings, New Zealand-based Freeze Dried Meals NZ LTD (FDF) and its subsidiary Kiwigarden LTD for an undisclosed quantity. ZIWI Restricted sells its air-dried uncooked pet meals, moist pet meals and treats for canines and cats in additional than 25 nations, in line with Petfood Business’s High Pet Meals Firms Present Information. All meat and seafood are sourced in New Zealand and all Ziwi merchandise are manufactured in New Zealand. The corporate’s annual income reached US$16,320,000 in 2021.
FDF was established in 1997 and employs roughly 140 folks, FDF has over 26 million kilos of freeze-drying capability. It’s persevering with to spend money on expertise to make sure it will probably sustain with the expansion for New Zealand produced freeze-dried merchandise. FDF has long-term third-party manufacturing partnerships with many New Zealand manufacturers, together with subsidiary Kiwigarden which exports youngsters’s snacks to Australia, China and North America.
ZIWI managing director Richard Lawrence says the funding in FDF is about delivering sustainable revolutionary development for ZIWI, and its dedication to ZIWI-owned manufacturing offering peak diet with out compromise. This may finest be achieved with entry to FDF’s patented steady freeze-drying course of. This funding builds on ZIWI’s profitable model technique of proudly owning and investing in processing expertise to satisfy sturdy international demand for its premium product vary, stated Lawrence.
ZiwiPeak background
In 2021, China-based non-public fairness agency Fountainvest Companions acquired pet meals firm ZIWI Ltd., maker of Ziwi Peak model, reported Radio New Zealand. The acquisition will fund Ziwi’s additional development. Though the phrases weren’t disclosed, the reporter speculated that the non-public fairness agency purchased the New Zealand-based pet meals firm for almost NZD1.5 billion (US$1.04billion). Ziwi has gross sales of roughly NZD 50 million (US$35 million) yearly. Regardless of the acquisition, Ziwi executives count on enterprise to proceed as common.
Ziwi was based in Mount Maunganui, New Zealand by a free-range deer farmer, Peter Mitchell, who had equipped deer meat to pet meals firms internally beforehand, in line with the corporate’s web site.
