# Ridley boosts petfood skills and capacity; invests in feedmills | Farm Online | ACT

> Ridley Corporation is expanding its petfood skills and staffing and investing in livestock feed capacity. The company bought the Carrick feed mill for A$6.5 million in August and acquired Oceania Meat Products for A$52 million in March.

- Date: 2024-11-19 · published 2024-11-19T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/27535-ridley-boosts-petfood-skills-and-capacity-invests-in-feedmills-farm-online-act
- Commodities: [Meat & Bone Meal](https://feedsoft.ai/c/MBM.md)

## Why it matters

Company investment in rendering and feed capacity signals growing domestic demand for by-products and bulk feed, but it has no immediate effect on commodity prices.

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/8824400/ridley-boosts-petfood-skills-and-capacity-invests-in-feedmills/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.