New Zealand meat company PPCS has exercised its option to purchase 14.66 million ordinary shares in rival meat company Richmond, held by Hawke’s Bay Meat.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


PPCS purchased the shares at a price of NZ$3.50 (US$1.92) a share, higher than the $3.05 that PPCS has offered Richmond shareholders for their shares. The purchase brings PPCS’ stake in Richmond to 52.53%, reported the New Zealand Press Association.

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now