“While this marks the end of an era, we’re pleased to have concluded the sale and to enable new investment in the site.”
He confirmed it had now sold, though the price and the purchaser are confidential.
Alliance Group reported a loss of $95.8 million after tax for the year ended September in its 2024 annual report, which included the one-off charge of $51.3m to cover the redundancies and closure of the Smithfield site.
Declining sheep processing numbers as a result of land-use change were credited as one of the primary reasons for the site’s closure.
This had resulted in surplus capacity in its plant network.
Alliance Group has six processing plants across the country, including four in the South Island.
– RNZ