ASX-listed juicemaker Food Revolution Group sells NZ assets

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...

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