Ballance buys rest of Seales
Fertiliser co-operative Ballance has stepped up its investment to full ownership of animal feed company Seales Winslow and farm technology business Farmworks Systems.
The co-operative had held a majority shareholding of 51 per cent in both businesses since 2011.
Chief executive Larry Bilodeau said the co-operative was better placed to support growth in both business units with full ownership and could meet increasing demand from customers for farm nutrients and technology.
He said farmers were looking to supplements and farm technology to get better returns from their businesses and reduce their environmental footprint.
The investments are expected to help drive the co-operative’s own growth.
Bilodeau said Seales Winslow was perfor- ming well and achieving a rising profile as a national source of animal nutrition.
‘‘It has excellent potential and moving to full ownership will see that potential realised at pace.’’
Ballance plans to continue sourcing ingredients domestically.
Farmworks’ Ag-Hub farm information management system became part of Ballance’s range of services in in early 2011.
The full investment in the company is expected to match growing demand for technology tools to help farmers manage nutrients and their farm production more profitably and sustainably.
Seales Winslow will continue to operate as an independent company under the direction of Graeme Smith, who will return to the Ballance executive team as general manager of animal nutrition.