ASX-listed juicemaker Food Revolution Group sells NZ assets

Sophie Boot
Mon, 08 Aug 2016

By Sophie Boot Aug. 8 (BusinessDesk) - ASX-listed juice maker Food Revolution Group has sold its New Zealand operations and is leasing its LangTech citrus assets to Singapore-based Gravity Solutions Global in a deal it values at more than A$17 million. Food Revolution's New Zealand business, Roxdale Foods, is based near Alexandra and processes fruit and vegetables for juice, fibre, puree and pastes, according to its website. In the 15 months to June 30, 2013, Roxdale Foods reported a $1.3 million profit on revenue of $1.6 million, with ab...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

The Quiz FREE
QuiznessDesk, Tuesday, July 05, 2022
The Quizmaster | Tue, 05 Jul 2022

Don't forget to give our daily quiz a go. Good luck

Law & Regulation
Juice magnate Lepionka sues lawyers for 'negligent' advice
Greg Hurrell | Tue, 05 Jul 2022

Businessman Stefan Lepionka's negligence case against Gibson Sheat will be split in two, with the law firm's countersuit to be heard first, the high court has ruled.

Property
George Kerr's Pyne Gould receivership continues
Victoria Young | Tue, 05 Jul 2022

Court action continues in the UK, while receivers have already clawed back $8m for the BNZ by selling South Island land.

Sponsored
How can Kiwi small business owners manage rising inflation?

Xero MD Craig Hudson says small businesses have been hit with a triple whammy.

Sponsored
Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges