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Saturday 20 April 2024

Sanford

Another board change for Sanford 20th February 2024

Another board change for Sanford

The latest change to the board of seafood company Sanford is the appointment of Thomas McClurg as an independent director, effective immediately.


New Sanford director nomination questioned 29th November 2023

New Sanford director nomination questioned

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.


Sanford profit subdued 14th November 2023

Sanford profit subdued

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 director to retire 13th November 2023

Sanford director to retire

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 ACE sale to Moana goes unconditional 31st October 2023 /

Sanford ACE sale to Moana goes unconditional

Sanford has confirmed the $125m-plus sale of its inshore fishing business to Moana New Zealand has gone unconditional, and will likely settle today.


Behind the deal with Moana’s Steve Tarrant 11th October 2023 /

Behind the deal with Moana’s Steve Tarrant

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?


Moana hails “incredible milestone for iwi” after ComCom approves $125m+ Sanford deal 13th September 2023 /

Moana hails “incredible milestone for iwi” after ComCom approves $125m+ Sanford deal

The green light for the 10-year ACE lease makes Moana the largest inshore fishing business in the country.


Choppy Q3 for Sanford 24th August 2023

Choppy Q3 for Sanford

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.


Sanford CEO resigns, steps down immediately 1st August 2023

Sanford CEO resigns, steps down immediately

Board member Craig Ellison shifts into the role of interim CEO as the hunt for a replacement begins.


Sanford bags new PINZ annual award 4th July 2023 /

Sanford bags new PINZ annual award

Sanford’s Big Glory Bay Salmon has won the inaugural Food & Beverage Producer Award at the 2023 Primary Industries New Zealand Awards.


ComCom sets lines for Moana, Sanford deal 13th June 2023 / /

ComCom sets lines for Moana, Sanford deal

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.


No competition threat from Moana, Sanford deal – Castalia report to ComCom 30th May 2023 /

No competition threat from Moana, Sanford deal – Castalia report to ComCom

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.


Moana NZ’s Steve Tarrant on “watershed” $125m+ Sanford deal 23rd May 2023 /

Moana NZ’s Steve Tarrant on “watershed” $125m+ Sanford deal

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.


Sanford to offload inshore operations to Moana in $125m+ deal 22nd May 2023 /

Sanford to offload inshore operations to Moana in $125m+ deal

The proposed long-term arrangement turns the profit-dragging operations into a lower-risk revenue stream, says Sanford CEO Peter Reidie.


Sanford director resigns after Frieightways appointment 28th February 2023 /

Sanford director resigns after Frieightways appointment

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Sanford prices up but volumes down 24th February 2023

Sanford prices up but volumes down

New Zealand’s largest seafood company has offered a glimpse of post-Covid trading, which shows strong seafood pricing but also lower volumes.


Sanford adds $30m “hybrid” scampi vessel 13th December 2022

Sanford adds $30m “hybrid” scampi vessel

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 cuts ribbon on $20m marine extracts innovation centre 25th November 2022 /

Sanford cuts ribbon on $20m marine extracts innovation centre

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.


“We have turned the corner” – Sanford revenue, profit up 15th November 2022

“We have turned the corner” – Sanford revenue, profit up

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.


Skellerup boss joins Sanford board 9th November 2022

Skellerup boss joins Sanford board

New Zealand’s largest seafood company Sanford has appointed Skellerup Holdings chief executive David Mair to its board.


Sanford adopts ESG World Platform 23rd September 2022 /

Sanford adopts ESG World Platform

New Zealand seafood company Sanford has adopted the ESG World Platform.


Sanford Q3 “good” despite labour shortage hampering supply 3rd August 2022

Sanford Q3 “good” despite labour shortage hampering supply

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Sanford sets out post-Covid strategy 21st June 2022

Sanford sets out post-Covid strategy

New Zealands largest seafood company has set out a post-Covid recovery strategy which would see it return to pre-pandemic profits.


Sanford director retires 15th June 2022 /

Sanford director retires

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.


Sanford’s H1 momentum dampened by domestic challenges 19th May 2022

Sanford’s H1 momentum dampened by domestic challenges

First half EBIT jumps 79% but NZ’s largest seafood company is battling supply side challenges as Covid hits production and staffing levels.


Sanford hooks nearly $50m from cray quota sale 29th April 2022

Sanford hooks nearly $50m from cray quota sale

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.


Watch: Sanford second skipper Tyler Materoa 28th February 2022

Watch: Sanford second skipper Tyler Materoa

From Sanford’s Our Stories series – this one profiling second skipper Tyler Materoa.


Sanford Q1 signals start of Covid recovery, Omicron caveat… 10th February 2022

Sanford Q1 signals start of Covid recovery, Omicron caveat…

Strategy refresh work continues ahead of a June announcement, as Q1 prices and volumes improve on last year.


Sanford preps new strategy as earnings fall 39% 18th November 2021

Sanford preps new strategy as earnings fall 39%

Mussels were the hardest hit of Sanford’s three divisions, with rebuilding profitability a priority for 2022.


Sanford COO Clement Chia resigns 5th November 2021 /

Sanford COO Clement Chia resigns

Sanford’s chief operating officer, Clement Chia, has resigned after seven years with the business.


$2.5m snapper revenue boost for Sanford 27th September 2021

$2.5m snapper revenue boost for Sanford

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.


Sanford to pay $531k following death of fishing crewman 23rd September 2021

Sanford to pay $531k following death of fishing crewman

Th fishing company pleaded guilty to a charge of exposing workers to risk of death or serious injury.


Sanford taps ex-Cavalier CEO Paul Alston to be CFO 23rd September 2021 /

Sanford taps ex-Cavalier CEO Paul Alston to be CFO

The former Turners & Growers executive will join the listed seafood exporter as CFO next month.


Food investments on the menu at Ngāi Tahu 7th September 2021 /

Food investments on the menu at Ngāi Tahu

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’s Sanford stake tops 19% after $38m buy-up 3rd September 2021 /

Ngāi Tahu’s Sanford stake tops 19% after $38m buy-up

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 shares jump as Ngāi Tahu takes 12% 2nd September 2021 /

Sanford shares jump as Ngāi Tahu takes 12%

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.


Ngāi Tahu fishes for “significant” Sanford stake 1st September 2021 /

Ngāi Tahu fishes for “significant” Sanford stake

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.


Sanford subdued as Covid continues to bite 21st May 2021

Sanford subdued as Covid continues to bite

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.


Sanford appoints Tauranga port CEO to board 13th May 2021 /

Sanford appoints Tauranga port CEO to board

New Zealand seafood company Sanford has appointed Mark Cairns as its newest board member.


Sanford warns continuing Covid storm will hit interims 18th March 2021

Sanford warns continuing Covid storm will hit interims

Lower prices and higher costs will hurt performance, says the seafood company.


Sanford ordered to forfeit $20m vessel after illegal trawling 24th February 2021 /

Sanford ordered to forfeit $20m vessel after illegal trawling

The fishing company, the master of its San Waitaki ship, and its first mate have been fined a total of $53k.


Sanford rethinks $20m Blenheim investment in cost-cutting drive 17th December 2020

Sanford rethinks $20m Blenheim investment in cost-cutting drive

The seafood firm is on a mission to rebuild profitability.


Sanford puts Tauranga facility on market 18th November 2020

Sanford puts Tauranga facility on market

The land and buildings are fully leased to Cold Storage Nelson.


Pandemic exposes Sanford’s weaknesses as profit plummets 13th November 2020

Pandemic exposes Sanford’s weaknesses as profit plummets

The NZX-listed seafood company has detailed its disappointing annual results.


Sanford warns profit could halve as Covid bites 6th November 2020

Sanford warns profit could halve as Covid bites

The fishing company says it has suffered falling prices, slow sales and poor catches.