Ridley Inc.
| Subsidiary | |
| Industry | Farm Products |
| Headquarters | Mankato, Minnesota, United States |
Area served | United States |
Key people | Steven J. VanRoekel, President & CEO |
| Products | Commercial livestock and poultry feeds, supplements, premixes and feed ingredients. |
| Revenue | US$574.8 million |
| US$30.2 million | |
| US$19.2 million | |
| Total assets | US$205.4 million |
| Total equity | US$120.9 million |
Number of employees | 700 |
| Parent | Alltech |
| Divisions | U.S. Feed Operations; Ridley Block Operations; Ridley Feed Ingredients |
| Subsidiaries | Hubbard Feeds Inc. |
| Website |
www |
Ridley Inc. manufactures and markets a broad range of complete feed rations, nutritional supplements, feeding blocks and vitamin/mineral premixes directly to livestock producers and through dealer organizations from 29 production plants in the United States. The company has corporate offices in Mankato, Minnesota, United States. It has a Canadian registered office in Winnipeg, Manitoba, Canada.
Ridley Inc. was formed in 1994 as a subsidiary of Ridley Corporation Limited of Australia on its acquisition of Winnipeg-based Feed-Rite Mills, a livestock and poultry feed manufacturer with operations in Manitoba, Saskatchewan, Alberta and Ontario. Since 1994, Ridley has grown through the acquisition of other animal nutrition businesses in Canada and the United States, including Zip Feeds in 1996, Hubbard Feeds in 1997, Wayne Feeds in 2000, Sweetlix in 2004, McCauley Bros. in 2006, 4 Seasons Marketing in 2008 and Stockade Brands in 2012. In 2012, Ridley Inc. and London, Ontario-based Masterfeeds Inc. merged their Canadian operations, forming Masterfeeds LP. The new entity is jointly owned by Ridley and Masterfeeds Inc.[1]
Ridley Inc. became a publicly traded company in 1997 and is listed on the Toronto Stock Exchange under the symbol RCL.
Ridley employs more than 700 people and manages 29 production operations in the United States. Ridley operates under the trade names of Hubbard Feeds, Ridley Feed Ingredients and Ridley Block Operations. Ridley's revenues in the 12 months ended June 30, 2013 were US$574.8 million.[2]
The major shareholder of Ridley Inc. is Fairfax Financial Holdings Limited, a public company listed on the Toronto and New York Stock Exchanges (trading symbol FFH). Fairfax is a financial services holding company that, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management. Fairfax acquired the controlling shareholding in Ridley Inc. in November 2008 from Ridley Corporation Limited, the largest commercial stockfeed manufacturer and salt producer/refiner in Australia.
References
- ↑ Press Release Nov 2012
- ↑ "Ridley Inc. 2013 Annual Report" (PDF). www.ridleyinc.com. Retrieved 29 August 2014.