Winter 2020

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BULLETIN ISSUE 27: 2020 28: Autumn Winter 2020

GREENLEA ANNOUNCES NEW PARTNERSHIP FOR WALLACE ACQUISITION A F E W W O R D S F R O M TO N Y E G A N Greenlea has been successful in a number of strategic relationships over the years, and we are pleased to announce a further collaboration to the mix. Greenlea Premier Meats, Wilson Hellaby and Glendenburg Holdings have acquired Wallace Group Limited Partnership’s assets based in Waitoa, Feilding and Northland. The acquisition includes all assets associated with the rendering, composting and tannery operations undertaken at the Waitoa site as well as in Northland and Feilding. The new rendering business will be operated as Wallace Proteins Limited owned by Glenn Smith and Steve Dahlenburg. The hides and skins operation will be jointly owned and operated by Greenlea and Wilson Hellaby trading as Waitoa Tannery Limited. In addition, all parties are involved in a joint composting business and other activities on the site. This partnership represents a new level of collaboration to create scale and synergy to both rendering and tanning operations. We believe this will further strengthen our business and maximise value for all those who support Greenlea. We are committed to ongoing investment in the future of our industry. It is great to be ensuring existing employment, creating new jobs, and supporting the local community during this difficult economic period. There will be approximately 100 staff employed across all business activities at the Waitoa, Feilding and Northland sites. The three partners share in a vision to grow jobs and the value of production for New Zealand exports and domestic requirements. We see continued collaboration and partnerships as

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essential to meeting challenging times like we have seen this season. We’ve had global pandemonium with Covid-19 which has severely affected retail and food service and our own ability to run our chains at maximum capacity during a crippling domestic drought. We have learned that sometimes the best you can do is to keep everyone equally unhappy, but we feel strongly for the stress this has caused our farmer suppliers. With this in mind, we have kept our prices for stock firmer than many, as we tried to help a little in recent months. On the flip side, we have also seen humanity at its best with people working together to overcome lockdowns and to survive in their bubbles. One aspect of this for us has been the opportunity to work with St Vincent de Paul and the Salvation Army to distribute 20 tonnes of mince to the more vulnerable members of our communities. We have done the same up in China, supporting ten homeless shelters for aged care people to acknowledge that the Chinese people have been very important to us when the times were good and are no less so when times are tough. At this time of the year I am normally getting ready for Fieldays and the opportunity to catch up with a lot of our farmer suppliers from all over the North Island. This year we will miss this opportunity and so having philosophized about the dilemmas of the past 6 months, let me assure you that the outlook for protein demand and beef in particular is positive in the months ahead. We still need to progress our commitment to the environment and climate but never before has there been such great potential to position our products on the world stage.


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