Ricegrowers (ASX:SGLLV) CopRice expands into NZ market

18Dec

Ricegrowers (ASX:SGLLV) CopRice expands into NZ market

 

Ricegrower’s (ASX:SGL) CopRice has signed a purchase agreement to acquire a dairy nutrition business from Inghams which will see it enter the New Zealand market.

The company paid NZD$11.5 million. Settlement is expected to occur by 31 March 2021.

The acquisition includes Ingham’s feed mill at Hamilton, and direct-to-farm and packaged dairy nutrition business in New Zealand.

Ricegrowers, which trades as Sunrice, says that the investment demonstrates continued delivery of its 2022 Growth Strategy, and is expected to be earnings per share accretive.

Shares in Ricegrowers (ASX:SGL) last traded at $6.21.
 
Copyright 2020 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

22Jul

QBE Insurance Group (ASX:QBE) flags $750m loss for 1H20

22 Jul 2020 - Insurance group QBE (ASX:QBE) has flagged a $750 million net statutory loss after tax for the first half of the year (1H20) primarily due to Covid.

Read More
27Apr

Stocks of the Hour: AMP, TPG & Accent Group

23 Apr 2021 - A snapshot of companies making headlines for the hour, featuring AMP (ASX:AMP), Accent Group (ASX:AX1) & TPG Telecom (ASX:TPG)

Read More
03Mar

Big River Industries (ASX:BRI) buy Pine Design Truss and Timber

03 Mar 2020 - Big River Industries (ASX:BRI) has completed the acquisition of Pine Design Truss and Timber (Pine Design), located in Adelaide, South Australia.

Read More
21Feb

Pilbara Minerals (ASX:PLS) moderates production on soft lithium market

21 Feb 2020 - Pilbara Minerals (ASX:PLS) saw weaker customer demand and lower spodumene concentrate prices which both impacted the company’s half year results.

Read More
25Sep

Ridley Corporation to close Murray Bridge feedmill

25 Spe 2019 - Animal nutrition supplier Ridley Corporation (ASX:RIC) is to close its Murray Bridge feedmill in South Australia next month.

Read More
08Dec

Gold Road Resources (ASX:GOR) to spend $38 million on Hybrid Energy Microgrid

08 Dec 2020 - Gold Road Resources (ASX:GOR) and Gruyere Mining Company Pty Ltd, are planning power expansion initiatives at the Gruyere Gold Mine, a 50:50 joint venture between Gold Road and Gold Fields, located in Western Australia.

Read More
10Jun

Harvey Norman (ASX:HVN) to pay special dividend of 6 cents

06 Jun 2020 - Harvey Norman (ASX:HVN) will pay investors a fully franked special dividend of 6 cents per share.

Read More
17Jun

Ansell (ASX:ANN) defers CEO succesion

17 Jun 2020 - Personal protection solutions company Ansell (ASX:ANN) announced today that they will delay their planned CEO succession for six months from July 2021 to December 2021.

Read More
08Dec

Stocks of the Hour: Aristocrat Leisure, Telstra & Sydney Airport

08 Nov 2021 - A snapshot of the stocks on the move, featuring Aristocrat Leisure (ASX:ALL), Telstra (ASX:TLS) & Sydney Airport (ASX:SYD).

Read More
23Feb

Stocks of the Hour: Sierra Nevada Gold, Gold Mountain, FirstWave Cloud Technology

23 Feb 2024 - A snapshot of the stocks on the move, featuring Sierra Nevada Gold (ASX:SNX), Gold Mountain (ASX:GMN) and FirstWave Cloud Technology (ASX:FCT).

Read More