- CEO
- Quinton Lance Hildebrand
- Full Time Employees
- 613
- Sector
- Consumer Defensive
- Industry
- Packaged Foods
- Address
- 565 Bourke Street Melbourne VIC Australia 3000
- IPO Date
- Apr 18, 2012
- Business
- Ridley Corporation Limited (ASX:RIC) manufactures and markets premium animal nutrition solutions, including bulk and packaged feeds, supplements, animal proteins, oils, and fertilisers. The company produces ruminant stockfeeds such as pellets, meals, concentrates, and premixes for dairy cattle, beef cattle, and sheep; monogastric feeds for poultry, pigs, layers, broilers, and ducks; aquafeeds featuring the licensed ingredient NovaqPro; and branded packaged products under names including Barastoc, Rumevite, Cobber, Primo, Propel, and Food for Dogs, alongside block and loose lick supplements for equine, canine, and lifestyle animals. It operates 13 feed manufacturing sites, two ingredient recovery sites, an extrusion plant, and a supplements plant across Australia, plus a NovaqPro facility in Thailand, forming the nation's largest animal feed production network with capabilities in pelleting, extrusion, blending, and distribution of bulk and packaged goods.
Founded in 1987 and headquartered in Melbourne, Australia, Ridley serves dairy, poultry, pig, aquaculture, sheep, beef, equine, canine, and retail home layer markets primarily in Australia, with select operations in Thailand and New Zealand. The company extracts and produces raw ingredients like animal protein meals and oils; sources commodities at scale; formulates specialised nutrition; and provides marketing, sales, and on-ground support through field teams. It also distributes specialty products and science-backed fertilisers to enhance crop yields and sustainable farming.
In May 2025, Ridley announced the $300 million acquisition of Incitec Pivot Fertilisers (IPF) from Dyno Nobel, Australia's leading fertiliser distributor with a 46% east coast market share, 13 primary centres, and 2.2 million tonnes annual volume, establishing a fourth growth pillar in diversified agricultural services and projecting $7 million annual synergies. The deal, funded by a $90 million rights offer, $35 million placement, and new $300 million working capital plus $350 million revolving debt facilities from ANZ and Westpac, includes a $75 million option for Geelong North Shore property and excludes manufacturing at Phosphate Hill. Additional recent developments encompass a new Tasmania feedmill launch, South Australia feedmill divestiture, board changes effective October 2024 including CFO Alan Boyd's retirement, and director Quinton Hildebrand's performance rights under long-term incentive plans to 2028. IPF integration aligns with FY26 expectations amid bulk stockfeeds volume growth in beef and sheep, despite packaged ingredients pressures, with FY26 EBITDA forecasted at $161.6 million.