ANZCO Foods or simply ANZCO (formally ANZCO Foods Ltd and previously the Asian New Zealand Meat Company Limited) is a New Zealand meat producer fully owned by the Japanese company Itoham Foods, which in turn is part of Itoham Yonekyu Holdings. In 2016, ANZCO Foods was New Zealand's fifth-largest exporter, with a turnover of NZ$1.5b, and 3,000 employees.
ANZCO started as a company in 1984 under the legal name Asian New Zealand Meat Company Limited[1] owned through the New Zealand Meat Producers Board by individual farmers and led by Graeme Harrison.[2] In 1989, Itoham Foods and ANZCO formed a 50–50 partnership and founded Five Star Beef, a company that operates a feedlot in Wakanui near Ashburton; this is New Zealand's largest feedlot and mainly exports to Japan.[3][4] In 1995, the ANZCO management team led a buy-out of the company from the Meat Producers Board, with Itoham Foods taking a 48.3% minority shareholding and another Japanese company, Nissui (Nippon Suisan Kaisha Ltd), taking a smaller shareholding.[3] Through that buy-out, the initial investment of NZ$350,000 returned over NZ$40m to the original owners.[2] ANZCO Foods started operating under the new ownership arrangement on 17 August 1995.[5]
In 2015, founder Harrison announced that he intended to retire in the near future. This was accompanied by a restructure in shareholding. With approval from the Overseas Investment Office (OIO),[2] Itoham Foods increased its shareholding from 48.3% to 65% and paid just over NZ$40m for these transactions. The seven smallest shareholders were all offered to sell. Harrison himself sold down from just over 20% to 14%. Nissui sold part of its stake at this point (which made up just over 50% of the share transfer) with the balance coming from New Zealand shareholders.[6][7]
In late 2017, Itoham Foods received OIO approval to become to sole owner by obtaining the remaining 35% shareholding. Nissui held 16.8% at that point, and Harrison and other managers held 18.2%. Itoham Foods is a subsidiary to Itoham Yonekyu Holdings. Itoham is publicly listed and 39% owned by the Mitsubishi Corporation. Harrison retired from the company after the March 2018 annual general meeting; he had been at the helm of the company for 34 years, first as managing director and then as chairperson.[8][9]
^Keith, Leighton (19 December 2019). "Inquiries being made into death at Taranaki meatworks". Stuff. Retrieved 23 May 2020.
^Mitchell, Stephanie (25 April 2019). "Made in Taranaki: The production line for McDonalds meat patties starts in Taranaki". Stuff. Retrieved 23 May 2020.
^Coster, Deena (21 October 2017). "Looking back: 20 years since Waitara lost its 'life blood' with the freezing works closure". Stuff. Retrieved 23 May 2020.
^Gooch, Carly (5 December 2019). "Westmeat Richmond sells to Raeward Fresh". Stuff. Retrieved 23 May 2020.
^Hutching, Chris (26 September 2017). "Fortex boss spills beans about jail and return to business". Stuff. Retrieved 23 May 2020.
^"ANZCO Foods Kokiri". ANZCO Foods. Retrieved 23 May 2020.
January 21, 2023
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ANZCO Foods or simply ANZCO formally ANZCO Foods Ltd and previously the Asian New Zealand Meat Company Limited is a New Zealand meat producer fully owned by the Japanese company Itoham Foods which in turn is part of Itoham Yonekyu Holdings In 2016 ANZCO Foods was New Zealand s fifth largest exporter with a turnover of NZ 1 5b and 3 000 employees ANZCO FoodsTypeSubsidiaryIndustryMeat productionFounded1984 in New ZealandFounderGraeme HarrisonHeadquartersChristchurch New ZealandProductsBeef and lambOwnerItoham FoodsNumber of employees3 000Websiteanzcofoods wbr com Contents 1 History 2 Governance 3 Land holdings 4 ReferencesHistory EditANZCO started as a company in 1984 under the legal name Asian New Zealand Meat Company Limited 1 owned through the New Zealand Meat Producers Board by individual farmers and led by Graeme Harrison 2 In 1989 Itoham Foods and ANZCO formed a 50 50 partnership and founded Five Star Beef a company that operates a feedlot in Wakanui near Ashburton this is New Zealand s largest feedlot and mainly exports to Japan 3 4 In 1995 the ANZCO management team led a buy out of the company from the Meat Producers Board with Itoham Foods taking a 48 3 minority shareholding and another Japanese company Nissui Nippon Suisan Kaisha Ltd taking a smaller shareholding 3 Through that buy out the initial investment of NZ 350 000 returned over NZ 40m to the original owners 2 ANZCO Foods started operating under the new ownership arrangement on 17 August 1995 5 In 2015 founder Harrison announced that he intended to retire in the near future This was accompanied by a restructure in shareholding With approval from the Overseas Investment Office OIO 2 Itoham Foods increased its shareholding from 48 3 to 65 and paid just over NZ 40m for these transactions The seven smallest shareholders were all offered to sell Harrison himself sold down from just over 20 to 14 Nissui sold part of its stake at this point which made up just over 50 of the share transfer with the balance coming from New Zealand shareholders 6 7 In late 2017 Itoham Foods received OIO approval to become to sole owner by obtaining the remaining 35 shareholding Nissui held 16 8 at that point and Harrison and other managers held 18 2 Itoham Foods is a subsidiary to Itoham Yonekyu Holdings Itoham is publicly listed and 39 owned by the Mitsubishi Corporation Harrison retired from the company after the March 2018 annual general meeting he had been at the helm of the company for 34 years first as managing director and then as chairperson 8 9 Governance Edit ANZCO founder Graeme Harrison in 2017 Chairperson 10 11 Eddie Tonks 2004 12 Graeme Harrison 2004 2018 Kazuhiko Sam Misonou 2018 present Chief executives 3 11 Graeme Harrison 1984 2004 13 Mark Clarkson Peter Conley 2017 present Land holdings Edit source source source source source source source source source source source source source source ANZCO Foods feedlot in Wakanui ANZCO Foods holds land in ten locations in New Zealand 14 Land area ha Location Description73 8 Eltham Taranaki Anzco Foods Eltham meat processing plant previously known as Riverlands Eltham 15 6 9 Waitara Taranaki ANZCO Foods Waitara previously Waitara freezing works where meat patties for McDonald s New Zealand and Pacific Islands are produced 16 17 203 9 Bulls Rangitikei District ANZCO Foods Manawatu meat works227 6 Christy s Road Canterbury farming602 8 Seaside Road Wakanui Canterbury Five Star Beef feedlot361 4 Seafield Road Canterbury farming24 6 Riverlands Blenheim Marlborough Westmeat Blenheim 18 5 3 Seafield Canterbury ANZCO Foods Canterbury former Fortex Ashburton slaughter plant 19 0 5 Green Island Dunedin Otago Manufacturing of burgers 9 141 5 Kokiri Westland ANZCO Foods Kokiri meat processing plant 20 References Edit Asian New Zealand Meat Company Limited 233178 Removed Companies Office Retrieved 30 June 2020 a b c Cronshaw Tim 29 May 2015 Larger Japanese stake in Anzco gains OIO approval Stuff Retrieved 23 May 2020 a b c Retiring meat industry leader goes farming Stuff 10 January 2018 Retrieved 23 May 2020 Peden Robert 24 November 2008 Five Star feed lot Te Ara The Encyclopedia of New Zealand Retrieved 23 May 2020 Anzco Foods Ltd Bloomberg News Retrieved 23 May 2020 ANZCO share sale bid Otago Daily Times 2 March 2015 Retrieved 23 May 2020 Case 201510023 Itoham Foods Inc Land Information New Zealand 13 April 2015 Retrieved 23 May 2020 Boot Sophie 19 December 2017 Japan s Itoham Yonekyu buys remaining share of Anzco Foods National Business Review Retrieved 23 May 2020 a b Rae Sally 16 January 2018 Single owner for Anzco Otago Daily Times Retrieved 23 May 2020 Pickett Brittany 8 February 2018 Anzco chairman named to replace Sir Graeme Harrison Stuff Retrieved 23 May 2020 a b Our Executive Leadership team ANZCO Foods Retrieved 23 May 2020 Food pioneer made a knight The New Zealand Herald 5 June 2011 Retrieved 24 May 2020 Graduation Programme Lincoln University 2012 p 34 Retrieved 29 July 2020 Case 201710119 Itoham Foods Inc Land Information New Zealand 12 December 2017 Retrieved 23 May 2020 Keith Leighton 19 December 2019 Inquiries being made into death at Taranaki meatworks Stuff Retrieved 23 May 2020 Mitchell Stephanie 25 April 2019 Made in Taranaki The production line for McDonalds meat patties starts in Taranaki Stuff Retrieved 23 May 2020 Coster Deena 21 October 2017 Looking back 20 years since Waitara lost its life blood with the freezing works closure Stuff Retrieved 23 May 2020 Gooch Carly 5 December 2019 Westmeat Richmond sells to Raeward Fresh Stuff Retrieved 23 May 2020 Hutching Chris 26 September 2017 Fortex boss spills beans about jail and return to business Stuff Retrieved 23 May 2020 ANZCO Foods Kokiri ANZCO Foods Retrieved 23 May 2020 Retrieved from https en wikipedia org w index php title ANZCO Foods amp oldid 1051952075, wikipedia, wiki, book, books, library,
