ANZCO Foods
ANZCO Foods or simply ANZCO is a New Zealand meat producer fully owned by the Japanese company Itoham Foods, which in turn is part of Itoham Yonekyu Holdings. In 2016, ANZCO Foods was New Zealand's fifth-largest exporter, with a turnover of NZ$1.5b, and 3,000 employees.
History
ANZCO started as a company in 1984 under the legal name Asian New Zealand Meat Company Limited owned through the New Zealand Meat Producers Board by individual farmers and led by Graeme Harrison. In 1989, Itoham Foods and ANZCO formed a 50–50 partnership and founded Five Star Beef, a company that operates a feedlot in Wakanui near Ashburton; this is New Zealand's largest feedlot and mainly exports to Japan. In 1995, the ANZCO management team led a buy-out of the company from the Meat Producers Board, with Itoham Foods taking a 48.3% minority shareholding and another Japanese company, Nissui, taking a smaller shareholding. Through that buy-out, the initial investment of NZ$350,000 returned over NZ$40m to the original owners. ANZCO Foods started operating under the new ownership arrangement on 17 August 1995.In 2015, founder Harrison announced that he intended to retire in the near future. This was accompanied by a restructure in shareholding. With approval from the Overseas Investment Office, Itoham Foods increased its shareholding from 48.3% to 65% and paid just over NZ$40m for these transactions. The seven smallest shareholders were all offered to sell. Harrison himself sold down from just over 20% to 14%. Nissui sold part of its stake at this point with the balance coming from New Zealand shareholders.
In late 2017, Itoham Foods received OIO approval to become to sole owner by obtaining the remaining 35% shareholding. Nissui held 16.8% at that point, and Harrison and other managers held 18.2%. Itoham Foods is a subsidiary to Itoham Yonekyu Holdings. Itoham is publicly listed and 39% owned by the Mitsubishi Corporation. Harrison retired from the company after the March 2018 annual general meeting; he had been at the helm of the company for 34 years, first as managing director and then as chairperson.
Governance
Chairperson:- Eddie Tonks
- Graeme Harrison
- Kazuhiko Misonou
- Graeme Harrison
- Mark Clarkson
- Peter Conley
Land holdings
| Land area | Location | Description |
| 73.8 | Eltham, Taranaki | Anzco Foods Eltham meat processing plant |
| 6.9 | Waitara, Taranaki | ANZCO Foods Waitara where meat patties for McDonald's are produced |
| 203.9 | Bulls, Rangitikei District | ANZCO Foods Manawatu meat works |
| 227.6 | Christy's Road, Canterbury | farming |
| 602.8 | Seaside Road, Wakanui, Canterbury | Five Star Beef feedlot |
| 361.4 | Seafield Road, Canterbury | farming |
| 24.6 | Riverlands, Blenheim, Marlborough | Westmeat Blenheim |
| 5.3 | Seafield, Canterbury | ANZCO Foods Canterbury |
| 0.5 | Green Island, Dunedin, Otago | Manufacturing of burgers |
| 141.5 | Kokiri, Westland | ANZCO Foods Kokiri, meat processing plant |