#None #New Zealand #Itoham Yonekyu #Greenlea Group #ANZCO Foods

ITOHAM Yonekyu Holdings Expands Its Meat Processing Operations by Acquiring Greenlea Group Limited

In a significant move to bolster its overseas operations, ITOHAM Yonekyu Holdings, based in Meguro, Tokyo, has announced its agreement to acquire all shares of Greenlea Group Limited, a New Zealand-based meat processing and sales entity, through its consolidated subsidiary, ANZCO Foods Limited. The acquisition deal is estimated to be around 800 million New Zealand dollars (approximately 76 billion yen), pending regulatory approval and necessary legal procedures, with an expected completion date set for the end of August 2026.

Global Demand for Meat

As global demand for meat continues to rise, New Zealand stands out as the seventh-largest beef exporter in the world. The nation’s unique advantages, such as pasture-based livestock farming, stable climatic conditions, robust biosecurity measures, and a reliable supply from its adjacent dairy industry, make it a compelling player in sustainable meat production compared to other exporting countries. Greenlea Group, with its optimal location within New Zealand, has established strong relationships with local communities and producers over many years, leading to high operational efficiency.

By acquiring Greenlea, ANZCO Foods is set to become the most profitable meat company in New Zealand, substantially strengthening its business foundation within the country. This acquisition will allow ANZCO to leverage various synergies with Greenlea and enhance its operational capabilities in the New Zealand market.

Strengthening Global Supply Chains

Under its long-term management strategy, “Long-Term Management Strategy 2035,” ITOHAM Yonekyu Holdings has prioritized accelerating growth in overseas operations. By focusing on enhancing the supply capacity of animal protein, a vital food source, the company aims to expand its global supply chain centered around the meat business. ANZCO is positioned as one of the core bases for ITOHAM's overseas meat operations, and through this acquisition, the company anticipates further business foundation expansion and synergy creation, facilitating sustainable growth and improved profitability in its international endeavors.

For more details about Greenlea and its operations, please refer to our timely disclosure and additional explanatory materials released today.

Overview of ITOHAM Yonekyu Holdings’ Strategy

The acquisition of Greenlea aligns with ITOHAM's vision to enhance its global presence in the meat industry. With this strategic investment, the company not only aims to fortify its operational capabilities but also strives to meet the increasing global demands for high-quality, sustainable meat products. The New Zealand meat processing sector is ripe for growth, and ITOHAM Yonekyu’s commitment signals its strong intentions to lead in this evolving landscape.

Distribution of ITOHAM’s Operations in New Zealand

As the company expands its footprint in New Zealand, its well-established distribution network will play a significant role in supporting its ambitious growth targets. The focus remains on fostering strong community relationships and maintaining a high standard of operational excellence to ensure its competitive edge in the global meat market.

In conclusion, ITOHAM Yonekyu Holdings’ acquisition of Greenlea Group Limited marks a pivotal development for the company, poised to reinforce its position in the international meat industry and cater to the growing demands for sustainable meat production.