ANZCO Foods has agreed to buy Greenlea Group, a move that would combine two significant red meat processing companies in New Zealand. The deal is currently awaiting approval from both the Commerce Commission and the Overseas Investment Office. Both ANZCO Foods and Greenlea Group are established players in the New Zealand meat industry, but operate in different regions. The acquisition aims to integrate their operations, potentially streamlining processing and distribution. Financial details of the proposed transaction have not been disclosed. Approval from regulatory bodies is crucial for the deal to proceed, and a timeline for a decision has not yet been announced. The merger could reshape the competitive landscape of New Zealand’s red meat sector.