Media team
Media release: Clayton Utz advises Ridley on agreement for acquisition of Oceania Meat Processors
A Clayton Utz team has advised ASX-listed Ridley Corporation Limited (ASX:RIC) (Ridley) on its agreement to acquire the business and assets of Oceania Meat Processors NZ LP (OMP). The deal is valued at approximately NZ$57 million (~A$52.4 million) and the transaction is expected to complete in March 2024.
Established in 2002, OMP is a leading supplier of premium inputs to the global petfood industry from its operations in New Zealand and Australia. The transaction represents a key milestone for Ridley's ingredient recovery business segment, and a significant enhancement to Ridley’s capacity to service the domestic and international petfood industry.
Corporate partner Michael Linehan led the firm's team, which included partners Jerome Martin (Real Estate) and Damien Gardiner (Environment & Sustainable Development); senior associates Patricia Hill (Corporate, M&A & Capital Markets), Huimin Seetoh (Real Estate), Annabelle Lesage (Workplace Relations, Employment & Safety); and lawyers Peter Nikitas (Corporate, M&A & Capital Markets), Nicholas Cousins (Corporate, M&A & Capital Markets), Michelle Pawluck (Workplace Relations, Employment & Safety), Justine Sammut (Real Estate) and Venetia Stewart (Environment & Sustainable Development).
Commenting on the transaction, Michael said:
We were delighted to work again with the Ridley team on this strategic acquisition. Over the past 12 years, we have supported Ridley on numerous significant transactions assisting in the expansion of its business operations, and we look forward to supporting Ridley in the continued growth of its business.
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