ANZCO Foods or simply ANZCO (formally ANZCO Foods Ltd and previously the Asian New Zealand Meat Company Limited) 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. 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 (Nippon Suisan Kaisha Ltd), 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. More information...
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