The New Zealand Shareholders’ Association has raised questions over the nomination of Skellerup chair John Strowger to become a director of Sanford by minority shareholder Tasman Equity Holdings.
The seafood company delivers lower profit on its best revenue in five years, and bats away questions over the abrupt departure of two directors.
Sanford’s board has advises that Fiona Mackenzie will not seek re-election as an independent non-executive director at the seafood company’s upcoming annual meeting.
Sanford has confirmed the $125m-plus sale of its inshore fishing business to Moana New Zealand has gone unconditional, and will likely settle today.
Moana’s $125m-plus deal with Sanford was brokered in a very different economic environment, so how will the iwi-owned business navigate the current volatility?
The green light for the 10-year ACE lease makes Moana the largest inshore fishing business in the country.
Lower catch volumes thwarted Sanford in Q3 as strong pricing persisted, while its inshore fisheries continued to drag its wildcatch division and productivity problems plagued its new bioactives plant.
Board member Craig Ellison shifts into the role of interim CEO as the hunt for a replacement begins.
Sanford’s Big Glory Bay Salmon has won the inaugural Food & Beverage Producer Award at the 2023 Primary Industries New Zealand Awards.
The watchdog will be running a fine-tooth comb over all parts of the domestic supply chain for fresh fish as part of Moana New Zealand’s proposed $125m-plus Sanford deal.
A proliferation of competitors, the fragmented nature of the market, and the power of supermarket buyers would constrain Moana’s behaviour and preserve competition should the deal go through, states a report.
The CEO tells the Ticker that the scale-up will enable the iwi-owned business to unlock investment in innovation across its whole supply chain.
The proposed long-term arrangement turns the profit-dragging operations into a lower-risk revenue stream, says Sanford CEO Peter Reidie.
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New Zealand’s largest seafood company has offered a glimpse of post-Covid trading, which shows strong seafood pricing but also lower volumes.
Seafood company Sanford has signed a contract with Netherland’s based Damen Shipbuilding Maaskant for the design and build of a new scampi vessel for operation in the Southern Ocean.
Sanford has opened a $20 million marine extracts plant in Blenheim with plans to increase output for current products and find new extracts to harness.
Sanford has posted an improved set of annual results, boosted by the $50m sale of its crayfish quota, as it moves closer to its pre-Covid performance.
New Zealand’s largest seafood company Sanford has appointed Skellerup Holdings chief executive David Mair to its board.
New Zealand seafood company Sanford has adopted the ESG World Platform.
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New Zealands largest seafood company has set out a post-Covid recovery strategy which would see it return to pre-pandemic profits.
Peter Kean is retiring from the Sanford board after eight years, effective as at the conclusion of the seafood company’s 2022 annual meeting in December.
First half EBIT jumps 79% but NZ’s largest seafood company is battling supply side challenges as Covid hits production and staffing levels.
Seafood company Sanford is exiting two crayfish quotas, and considering the sale of a third to reinvest the cash into growing its salmon and mussel business, as well as its wildcatch division.
From Sanford’s Our Stories series – this one profiling second skipper Tyler Materoa.
Strategy refresh work continues ahead of a June announcement, as Q1 prices and volumes improve on last year.
Mussels were the hardest hit of Sanford’s three divisions, with rebuilding profitability a priority for 2022.
Sanford’s chief operating officer, Clement Chia, has resigned after seven years with the business.
Listed seafood company Sanford is in line for an additional $2.5m of revenue after the Ministry for Primary Industries increase the commercial catch limit for snapper in the SNA8 fishery off the North Island’s west coast.
Th fishing company pleaded guilty to a charge of exposing workers to risk of death or serious injury.
The former Turners & Growers executive will join the listed seafood exporter as CFO next month.
Ngāi Tahu Holdings CEO Mike Pohio says the iwi-controlled entity remains on the lookout for food investments following its $38m buy-up of Sanford shares.
Ngāi Tahu Investment now holds a 19.9% stake in seafood company Sanford, making it the largest single shareholder in what is New Zealand’s largest seafood company.
Sanford’s share price jumped almost 25% yesterday as investors reacted to the news that Ngāi Tahu Investments was increasing its stake in New Zealand’s largest seafood company.
The iwi investor is trying to buy a chunk of the seafood company, although it says it has “no current intention” to launch a takeover.
Seafood company reports 15% drop in net profit at the half year as it continues to battle with Covid-19 disruption to freight and foodservice.
New Zealand seafood company Sanford has appointed Mark Cairns as its newest board member.
Lower prices and higher costs will hurt performance, says the seafood company.
The fishing company, the master of its San Waitaki ship, and its first mate have been fined a total of $53k.
The seafood firm is on a mission to rebuild profitability.
The land and buildings are fully leased to Cold Storage Nelson.
The NZX-listed seafood company has detailed its disappointing annual results.
The fishing company says it has suffered falling prices, slow sales and poor catches.
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