Alliance has formed a joint venture with Scales to tap into the booming pet food industry. Photo: Getty ImagesInvercargill-based meat processor Alliance Group is seeking to cash in on the world pet food boom with a $15 million dollar purchase of a half share in the Scales Group subsidiary, Meateor. Scales managing director Andy Borland said the 50/50 joint venture was about developing New Zealand as the premier supplier of pet food proteins. "The business provides us with immediate and direct access to the highly attractive and growing global pet food market," he said. The investment coincides with a time of major growth in the global pet food industry.

Source: Otago Daily Times March 08, 2019 03:00 UTC