Talley's boosts Affco holding

Workers in the cutting room at Affco's Rangiuru plant. File photo / Bay of Plenty Times

The South Island's Talley family has boosted its stake in Affco Holdings to 78.2 per cent.

Talley's Group, which has extensive fishing interests, on Thursday extended its 37c a share offer for the meat company to September 20.

The stake was disclosed in a substantial shareholder notice to NZX yesterday.

In October 2001 Talley's bought 10 per cent of Affco, which was founded in 1904 as the Auckland Farmers' Freezing Co-operative.

In 2006 it boosted its stake to over 50 per cent.