Sale of Animal Nutrition Division (Wayne Feeds) to Ridley, Inc. (ASX:RIC)
Food - Agriculture
ContiGroup Companies divested its Animal Nutrition Division to Ridley, Inc. (ASX:RIC, TSE:RCL), a publicly-traded international agribusiness company. The Animal Nutrition Division, also known as Wayne Feeds in the U.S. market, was a market leader in providing high-end, low-inclusion animal nutrition feed products and related management services to both large independent pork producers and independent layer operations within the poultry industry.
"George K. Baum did a great job for ContiGroup. We could not be more pleased with their work on the divestiture of our Animal Nutrition business. They understood our objectives and exceeded our expectations throughout the process. This included the positioning of Wayne Feeds for the market, coordinating interest from multiple parties, assisting us in negotiations of price and contract terms, and completing a highly complex transaction from start to finish in just six months."
Michael J. Zimmerman
Executive VP and Chief Financial Officer ContiGroup Companies