Diane Foreman's Emerald Foods sold for undisclosed sum to foreign interests

Tue, 09 Jun 2015

By Paul McBeth June 9 (BusinessDesk) - NBR Rich Lister Diane Foreman's Emerald Group has sold its ice-cream manufacturing subsidiary to a foreign collective for an undisclosed sum. Hong Kong-based Emerald Foods Group (HK) bought 100 percent of the shares in Foreman's Emerald Foods subsidiary on June 3, according to Companies Office filings, completing an acquisition that had been approved by the Overseas Investment Office in April. The acquisition needed OIO approval because Emerald Foods owned sensitive land in East Tamaki, Auckland. For...

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