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Door Opened To Consolidation Of Meat Industry

PRESS RELEASE

For Immediate Use

20 February 2008

Door Opened To Consolidation Of Meat Industry

Alliance Group Ltd might have finally opened the door to consolidation of the meat industry but it is undoubtedly PPCS that has been ringing the doorbell for the past few months.

Forbes Elworthy, founder of the Natural Producers Company, said that while Alliance was currently providing strong leadership, he would like to acknowledge that it was PPCS, and its Chairman Reese Hart, who first publicly confirmed that the Dunedin-based co-operative was open to a merger.

“It takes courage for the leaders of an organisation to offer to merge as they put their own jobs at risk for the betterment of the industry.

“The directors of both Alliance and PPCS should be congratulated for at long last planning a date at the altar.”

Mr Elworthy said that Mr Hart, in particular, advocated a merger long before Alliance hatched its “large single-entity initiative.”

“I’m impressed by the leadership that Reese Hart has provided and I believe he will work hard during upcoming negotiations to preserve farmer control of our downstream value chain.”

Ends…


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