[6][7] In 1995, the ANZCO management team led a buy-out of the company from the Meat Producers Board, with Itoham Foods taking a 48.3% minority shareholding and another Japanese company, Nissui (Nippon Suisan Kaisha Ltd), taking a smaller shareholding.

With approval from the Overseas Investment Office (OIO),[5] Itoham Foods increased its shareholding from 48.3% to 65% and paid just over NZ$40m for these transactions.

Nissui sold part of its stake at this point (which made up just over 50% of the share transfer) with the balance coming from New Zealand shareholders.

[9][10] In late 2017, Itoham Foods received OIO approval to become to sole owner by obtaining the remaining 35% shareholding.

[11][12] Chairperson:[13][14] Chief executives:[6][14] ANZCO Foods holds land in ten locations in New Zealand.