Ridley Corporation Limited acquired remaining 51% stake in Pen NGERN Feed Mill Company Limited.
February 16, 2020
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Ridley Corporation Limited (ASX:RIC) acquired remaining 51% stake in Pen NGERN Feed Mill Company Limited on February 14, 2020. As per the terms of transaction, Ridley also acquired approximately 50 hectares of land encompassing the existing Thailand Novacq™ production ponds. Ridley paid THB 171.2 million for both acquisitions. Siddharth Jain is appointed as Chief Executive Officer Group Business Development Executive with a focus on accelerating the commercialization of the Novacq franchise internationally. Siddharth who will be based in Singapore with responsibility for the Yamba, New South Wales and Chanthaburi, Thailand Novacq operations, will commence in the role on April 1, 2020.
Ridley Corporation Limited (ASX:RIC) completed the acquisition of remaining 51% stake in Pen NGERN Feed Mill Company Limited on February 14, 2020.
Ridley Corporation Limited is an Australia-based company that is engaged in the production of animal nutrition solutions. The Company operates through two segments: Packaged Feeds and Ingredients and Bulk Stockfeeds. The Packaged Feeds and Ingredients segment comprises animal nutrition feed and ingredient solutions delivered in packaged form, ranging from one ton down to three kilograms bags. It also includes the Aquafeed Business Unit. The Bulk Stockfeeds segment includes animal nutrition stockfeed solutions delivered in bulk. Its product categories include packaged products, Monogastric Commercial Feeds, Ruminant Commercial Feeds, Aqua Feeds and Rendered Ingredients. It provides nutritional feed to a range of species, including dairy cows, poultry, pigs, beef cattle, horses, sheep, dogs, rodents, and native animals at all stages of life. The Company provides its products under the brand names Barastoc, Cobber, Rumevite, Primo, and Ridley.
RIDLEY CORPORATION LIMITED 
