Chinese-backed NZ Binxi (Oamaru) Foods has made a $25.3 million 100% takeover offer for Invercargill-based Blue Sky Meats after the meat processor had sought expressions of interest from buyers…Full Article: NZ Herald Nov 2016

Key Points

  • In December 2015, NZ Binxi (Oamaru) Foods, a subsidiary of Heilongjiang Binxi Cattle Industry, completed its takeover of Lean Meats, now Oamaru Meats (North Otago, South Island, New Zealand).
  • In December 2014, Blue Sky Meats invested (profit loss venture) in a new beef factory in Gore, New Zealand (South Island).

ChinaAg Comments

  • In July 2016, China Animal Husbandry Group (CAHB) announced it would invest a 71.8% stake in a new Mataura Valley Milk dairy factory in Gore, New Zealand (South Island). The dairy will reportedly produce infant formula, ultra-high temperature (UHT) cream, and skim milk powder.
  • Founded in 2005 and headquartered in Harbin, Heilongjiang Province, Heilongjiang Binxi Cattle Industry produces beef and chicken meat, as well as organic fertilizer. In 2009, Binxi Cattle Industry became one of McDonald’s 47 global meat suppliers. In March 2012, Kunwu Jiuding Investment Holdings (SHA:600053) invested CNY 90 million [~US$14.2 million] in Binxi Cattle Industry.
  • Founded in 2001 and headquartered in Beijing, Kunwu Jiuding Investment Holdings, aka JD Capital (SHA:600053), is a private equity firm that has offices in Nanchang, Jiangxi Province, Shanghai, Chengdu, and Shenzhen. As of 2012, their agricultural investments included Huifeng Agrochemical (pesticides), Guangxi Tianyuan (pesticides), Yichang Tianshan Sturgeon Industry (fish), and Tianshui Junesun Fungi.
  • Founded in 1987 and headquartered in Invercargill, South Island, New Zealand, Blue Sky Meats produces fresh/chilled/frozen lamb, mutton, ‘bobby’ veal [under 3 months old], and goat cuts.

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