Ridley Corporation completes acquisition of Oceania Meat Processors

Ridley Corporation Limited (ASX: $RIC) has successfully completed the acquisition of Oceania Meat Processors NZ LP (OMP), a premium producer of mechanically deboned meat frozen block products and other raw materials for the global pet food industry. The acquisition, which was initially announced on 18 December 2023, has now been finalized, marking a significant milestone for Ridley.

Executive Commentary on Acquisition Completion

Ridley would like to express its gratitude for the support received from the customers, suppliers, employees, and the former Directors of OMP during the transition of ownership. This acquisition aligns with our strategic growth plans and will further strengthen our position in the pet food industry. We are excited about the opportunities this acquisition presents and look forward to leveraging OMP's expertise to enhance our product offerings and drive value for our stakeholders.

Summary of Acquisition Completion and Outlook

Ridley Corporation (ASX: $RIC) has successfully completed the acquisition of Oceania Meat Processors NZ LP (OMP), a move that underscores its commitment to expanding its presence in the pet food industry. The company acknowledges the support received from various stakeholders during the transition of ownership. With the acquisition now finalized, Ridley is poised to capitalize on the expertise of OMP to enhance its product portfolio and drive value for its customers and shareholders. This strategic move aligns with Ridley's growth plans and sets the stage for a promising outlook in the pet food market.