Unlisted meat processor North Meats today [Monday] upped its stake in takeover target Richmond to over 10%, making it impossible for rival processor PPCS to take complete control of Richmond.

Go deeper with GlobalData

Go deeper with GlobalData

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


North Meats chairman Norman McRae insisted the acquisition, which more than doubled his company’s stake in Richmond, was not a prelude to a takeover attempt: “We are not making a takeover bid for the company,” McRae told Dow Jones Newswires. He acknowledged the deal would probably block a takeover bid by PPCS.


PPCS Ltd., an unlisted farmer-owned cooperative, is offering NZ$3.05 (US$1.68) a share for Richmond in a takeover bid that closes around the end of the month.

Just Food Excellence Awards - Nominations Closed

Nominations are now closed for the Just Food Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Winning five categories in the 2025 Just Food Excellence Awards, Centric Software is setting the pace for digital transformation in food and FMCG. Explore how its integrated PLM and PXM suite delivers faster launches, smarter compliance and data-driven growth for complex, multi-channel product portfolios.

Discover the Impact