Ridley Corporation has acquired Victoria's largest red meat and poultry renderer for $77 million.
According to the company the acquisition "secures strategic feed inputs [for the company] and strengthens its positions as a link in sustainable protein production".
It went on to say that this expands the company’s "capabilities to include rendering of red meat from mammalian products".
BPL is the largest rendered in Victoria, and processes around 240kt of poultry and red meat offal through separate manufacturing lines, and was previously owned by Baiada.
The rendering process at the site converts animal products not fit for human consumption into products for the livestock, pet food, and aquafeed industries.
Ridley stated that the BPL manufacturing business is complementary with its existing Camilleri business, and continues the growth of its supply chain of strategic feed ingredients.
It added that he plant is already in close proximity to key Ridley mills.