Bal­lance buys rest of Seales

South Waikato News - - FARMING -

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.

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