Duncan & Co has increased its shareholding in Otago Venison to 100 percent, reflecting its confidence in the future of the deer and venison industries.
Specialist venison marketer Duncan & Co was a founding shareholder in the 21-year-old processing company.
Chief executive Andrew Duncan says the move to full ownership is a reflection of his confidence in New Zealand venison and the deer industry.
“We have great customers demanding more venison, at a time when production is falling. So, for us, it’s about securing supply and building farmer support for a business that is 100 percent focused on venison.”
Duncan acknowledged the critical role played by fellow founding shareholders and Otago Venison directors Russell and Jaye Brown and Steve and Jenny Martin.
“They have done an outstanding job of establishing Otago Venison and steering the company through some tough times in an industry which can be both challenging and vibrant.
“Duncan & Co is delighted to be continuing its 20-plus years of involvement with Otago Venison, including working alongside the plant’s dedicated and high experienced workforce.”
He says that, despite deer numbers being forecast to decline further in coming years, Duncan & Co is comfortable increasing its investment in the industry as it returned to a growth phase.
The Otago Venison plant at Mosgiel is base to both Duncan & Co’s South Island operations and general marketing manager Glenn Tyrrell.
Duncan & Co is a specialist venison processing and marketing company, with national processing capability. The company’s major export markets are Western Europe and North America; it also supplies into regions of Asia.
Supplied by Duncan & Co.