Friday, 13 October 2023 10:05

SealesWinslow set to change hands

Written by  Sudesh Kissun
SealesWinslow is owned by farm nutrient co-operative Ballance, which says it was approached by Farmlands earlier this year and has agreed to the sale. SealesWinslow is owned by farm nutrient co-operative Ballance, which says it was approached by Farmlands earlier this year and has agreed to the sale.

Animal nutrition company SealesWinslow could soon be part of rural service provider, Farmlands.

SealesWinslow is owned by farm nutrient co-operative Ballance, which says it was approached by Farmlands earlier this year and has agreed to the sale.

Before the sale can proceed, it must be approved by the Commerce Commission. It is anticipated that this regulatory process will take at least three to four months.

Ballance says it will work closely with the Commerce Commission and Farmlands to ensure that all necessary steps are taken to meet regulatory approval requirements.

The divestment will allow Ballance to focus on its core business, and we will use the sale proceeds to pay down debt, says Matt Skilton, Ballance’s CFO.

 “Farmlands interest in acquiring SealesWinslow is a testament to the customer offerings and strategic assets of this business. This is also a great opportunity for the SealesWinslow employees to be part of a larger animal nutrition Group,” says Skilton.

 Throughout this ownership change, SealesWinslow will continue to deliver high-quality service levels and nutritional solutions to meet all customer needs, staying true to the legacy of excellence since its establishment in 1968, Ballance says.

Farmlands chief executive Tanya Houghton says SealesWinslow is a recognised leader in animal nutrition, built on a similar ethos to Farmlands.

“It has a long history, including mergers and growth, aimed at providing the best products and best value to Kiwi farmers,” says Houghton.

“We’re excited about the prospect of buying SealesWinslow and supporting it to be an important part of our overall nutrition business.”

This potential purchase will provide the SealesWinslow team with a strong future, ensuring the business will be even more successful than it is today, claims Farmlands. This agreement broadens Farmlands' manufacturing footprint into the North Island and complements their existing South Island infrastructure, resulting in a nationwide animal nutrition solution. 

Houghton believes it’s important to look at areas of overlap and duplication in local co-operative ownership where there’s opportunity to develop greater efficiency for New Zealand farmers – particularly in a tough operating environment. 

“Farmlands exists to create better outcomes for New Zealand farmer customers and shareholders. In this instance, our focus is specifically around animal nutrition, which is such an important on-farm input, so it’s an area we are very focused on,” she says.

The purchase of SealesWinslow also ensures that critical animal feed assets stay in New Zealand co-operative ownership, maintaining local control of this part of the supply chain.

The announcement follows Farmlands’ last major partnership decision in 2022 which established Fern Energy by combining Farmlands’ fuel business with Southfuels for reach, expertise and scale. Fern Energy is now the largest rural fuel provider in New Zealand.

More like this

Plan now as El Nino summer lifts facial eczema risk

The anticipated El Niño summer is expected to heighten the risk of facial eczema (FE) and SealesWinslow consultant Nutritionist Paul Sharp says getting a preventative plan ready now will help protect animal health and bottom lines.

Changes needed to be the best

Farmlands chief executive Tanya Houghton admits that the rural retailer is making a number of changes to its business model.

Farmlands going off the rails?

Rural retailer and supplier Farmlands is being accused of going off the rails and shareholders are being urged to take back control of the co-operative.

Featured

Maui Milk blames supply/demand imbalance

Sheep milk processor Maui Milk says it’s one of many companies being impacted by the imbalance between supply and demand for New Zealand sheep dairy products.

Feds offer support for Maui Milk suppliers

Federated Farmers is arranging support for a small group of dairy sheep farmers in the North Island, who were told this week to stop milking by processor, Maui Milk.

National

Weather back to normal?

MetService meteorologist James Millward says the country’s weather patterns are now on a much more even footing.

Dealing with SNAs

As Associate Minister for Agriculture and the Environment, Andrew Hoggard has a number of delegations to focus on.

Hoggard's double Act

ACT MP Andrew Hoggard may no longer be hands-on every day at his dairy farm at Kiwitea in the Manawatu,…

Machinery & Products

Kubota tests diesel engines

Kubota last month used the UK LAMMA Show to test the water with its new 200hp, four-cylinder 09-series diesel engines.

Stone collection made easier

Usually a task given to higher horsepower tractors, stone picking looks like its moved down the horsepower charts, to anyone…

A very handy piece

Handypiece is a fully portable shearing handpiece being used by thousands of farmers and ag workers, in diverse roles across…

Killing weed seeds in a single pass

John Deere's X-Series Combine Harvesters can now be complemented by the advanced weed control capability of Redekop’s Seed Control Unit…

» Latest Print Issues Online

The Hound

Feds power!

OPINION: Your canine crusader reckons no single lobby group has had a bigger turnaround in fortunes than Federated Farmers since…

The DCM award

OPINION: This old mutt suggests the 'don't come Monday' (DCM) award (in other words, resign) must go to the heartless,…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter