Silver Fern Farms Signals Support for Alliance Groups Capital Raise Amid Potential Site Closure

Silver Fern Farms, a major New Zealand meat processor, expressed interest in supporting Alliance Group Limited (Alliance) as it explores capital-raising options. Alliance recently announced a proposal to close its Smithfield processing site, aiming to enhance efficiency and secure its financial future. Alliance has engaged Craigs Investment Partners to evaluate solutions, including the possibility of adding a new shareholder. Silver Fern Farms has offered to collaborate "constructively" with Alliance as it assesses its financial and operational strategy. This potential cooperation underscores an industry-wide commitment to maintaining resilience in New Zealand’s meat processing sector during a period of economic challenges.

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