Posts Tagged ‘Lowe Corporation’

Blue Sky left searching for positives after Binxi offer lapses

April 13, 2017

Invercargill based meat processor Blue Sky Meats is trying to put a positive spin on its prospects after being advised by Chinese cattle and meat company subsidiary NZ Binxi Oamaru that its takeover offer would not proceed. The main reason for the decision was failure to receive OIO approval by the 20th March deadline, but Binxi also cited a material adverse change in this season’s performance. As a result Blue Sky has advised shareholders they will continue to own their shares, 96% having already accepted the offer. (more…)

Whatever happened to the importance of the fifth quarter?

April 4, 2014

There has long been a belief in the crucial importance of the meat industry’s fifth quarter to profitability. This somewhat obscure term refers to the co-products which contribute an essential revenue component over and above the value of the meat.

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Silver Fern Farms addresses capacity issues, but no progress on meat industry restructure

October 9, 2013

The only meat industry capacity rationalisation evident so far is beef not sheepmeat related. Silver Fern Farms has announced the closure of the beef chain at its Waitoa plant which it bought 18 months ago from Wallace Corporation in, what CEO Keith Cooper said at the time, was an essential contribution to the meat industry’s sustainability. (more…)