Itoham Yonekyu Holdings Inc. (the “Company”; Headquarters: Meguro-ku, Tokyo; President and CEO: Hiroyuki Urata) hereby announces that it has reached an agreement today to acquire all of the issued shares of Greenlea Group Limited (“Greenlea”), a New Zealand-based meat processing, manufacturing and sales company, through its consolidated subsidiary ANZCO Foods Limited (“ANZCO”).
The acquisition price is expected to be approximately NZD 800 million (approximately JPY 76.0 billion). The transaction is subject to obtaining the necessary regulatory approvals and completion of other required legal procedures, and the Company expects to complete the acquisition around the end of August 2026. |
Strengthening Our Business Foundation in New Zealand
Amid expectations of continued growth in global meat demand, New Zealand is the world’s seventh-largest exporter of beef. Supported by pasture-based livestock farming, stable climatic conditions, a stringent biosecurity regime, and a stable supply of livestock from its neighboring dairy industry, New Zealand is capable of producing beef in a more sustainable manner compared with other beef-exporting countries. Leveraging its advantageous locations within New Zealand and the strong relationships it has cultivated over many years with local communities and producers, Greenlea has established a business with high efficiency and can create various synergistic values with ANZCO.
Through this acquisition, ANZCO is expected to become one of the most profitable meat packers in New Zealand, enabling the Company to further strengthen its business foundation in the country.
Accelerating the Growth of the Group’s Overseas Operations
The Company positions the acceleration of overseas business growth as one of
the core pillars of its Long-Term Management Strategy 2035 and is working to
strengthen its overseas business base. With respect to its overseas operations, the Company’s basic policy is to enhance its capability to supply animal protein, which is essential as a staple food, and to expand its global supply capacity with a particular focus on the meat business. The Company positions ANZCO as one of the core bases of its overseas meat business, and through the expansion of its business foundation and the creation of synergies resulting from this acquisition, the Company will accelerate the sustainable growth of its overseas business and further enhance its profitability.
For further details regarding Greenlea, please refer to
the disclosure material released today.
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