Decision | Consent Granted |
|---|---|
Decision Maker | Overseas Investment Office |
Decision Date | 21 May 2018 |
Investment | An overseas investment in sensitive land only, being the Applicant's acquisition of a freehold interest in 1.7632 hectares of land at 1-11 Gilberd Street, Castlecliff, Whanganui. |
Consideration | $4,359,052 |
Applicant | Wanganui Investments Limited |
Vendor | Icepak New Zealand Limited |
Background | The Applicant is a wholly owned subsidiary of the Lauridsen Group, Inc. which through BHJ operates in the pet food manufacturing industry internationally. Nixon E Lauridsen is the majority shareholder of the Lauridsen Group, Inc. The Applicant intends to increase the production of pet food by collecting more animal by-products from regional suppliers, including by-products that are presently discarded or not otherwise used. This will enable the Applicant to process a larger amount of primary products and to increase export receipts. The Applicant will also invest in upgrading the building and facilities and acquire equipment needed to accommodate the new increased supply. We therefore consider this Investment is likely to benefit New Zealand. |
More information | Melissa Clark |