Carrfields Livestock acquires Farm Source Livestock business

Posted on Posted in All, General, Livestock

I am pleased to announce today that Fonterra has agreed to sell its Farm Source™ Livestock business to Carrfields Livestock, effective 1 March 2019. The acquisition is both exciting and a strategic opportunity for Carrfields Livestock to fill gaps in our current national network. This will provide significant strength in the areas of Taranaki and the Waikato and will add a greater dimension and offering to our current dairy business.

The acquisition will take the Carrfields Livestock team to over 150 plus livestock agents spread right across the country. This strategic partnership will offer Farm Source™ clients and Fonterra farmer owners access to a nationwide agent and sale yard network provided by a New Zealand family owned business.

With this new growth we also cement our position as a forward thinking farming support business, which now gives us the ability to further attract great customers and people to our great company.

The decision by Farm Source™ to sell their livestock division has been made in the best interests of their shareholders, as they believe the investment required to maintain and grow this division can be more effectively targeted towards improving core areas of the Farm Source™ business.

Farm Source™, and previously as RD1, has had a livestock division since 2005 and have been a significant player in the dairy livestock business.

The Carr family are extremely excited about this opportunity to grow its livestock business network nationally. This is a significant move forward for us all at Carrfields as we continue to grow and develop our business.

For further details please click here to read media release. If you have any questions or concerns please do not hesitate to contact myself or Donald Baines.

Thanks

Craig

Craig Carr – Managing Director 
021 393 380 
Craig.carr@carrfields.co.nz

Donald Baines – GM Livestock
027 328 8781
donald.baines@carrfields.co.nz