Ridley Inc.
| Type | Public |
|---|---|
| Traded as | TSX: RCL |
| Industry | Farm Products |
| Headquarters | Winnipeg, Manitoba, Canada |
| Area served | Canada, United States |
| Key people | Steven J. VanRoekel, President & CEO |
| Products | Commercial livestock and poultry feeds, supplements, premixes and feed ingredients. |
| Revenue | US$603.4 million |
| Total assets | US$226.2 million |
| Total equity | US$149.0 million |
| Employees | 933 |
| Parent | Fairfax Financial Holdings Limited (NYSE:FFH and TSX:FFH) |
| Divisions | Feed-Rite, Ridley Nutrition Solutions; Ridley Feed Ingredients |
| Subsidiaries | Hubbard Feeds Inc. |
| Website | www.ridleyinc.com |
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 41 production plants in Canada and the United States. In 2012, Ridley merged its Canadian operations with Masterfeeds and is currently operating as Masterfeeds LP.
The company has corporate offices in Mankato, Minnesota, USA. It has a Canadian head office in Winnipeg, Manitoba, Canada.
Ridley employs more than 900 people and manages 41 production operations in Canada and the U.S.. Ridley operates under the trade names of Feed-Rite in Canada and Hubbard Feeds in the U.S. Ridley's revenues in the 12 months ended June 30, 2009 were US$603.4 million. In 2012, Ridley Inc. and London, Ontario-based Masterfeeds Inc. merged their operations, forming Masterfeeds LP. The new entity is jointly owned by Ridley and Masterfeeds Inc.[1]
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.