Green light for acquisition
The merger of two of the country’s largest animal nutrition companies won’t lessen competition, the Commerce Commission has ruled.
Chief operating officer Chris Brown says the business was reaping the benefits of higher efficiencies following the $10 million upgrade of its production and distribution facilities and was saving costs through improved procurement.
The Ballance Agri-Nutrients subsidiary has cut its prices for calf and bulk dairy products.
“We’re in a position to pass on these savings to our customers and our aim is to keep passing on the savings for the long term.”
“We’re out to support dairy farmers through what looks to be a tough season ahead, giving customers certainty to make budget decisions for their onfarm feed programmes and the red meat sector will also benefit from feed savings,” he says.”
