Harts snap up Hansells for $15 million

Wed, 29 Aug 2018

By Paul McBeth Aug. 29 (BusinessDesk) - Billionaire Graeme Hart and his son Harry bought Hansells Food Group for $15 million in their creation of a new local food empire. Hansells' management started looking for a buyer in October last year and entered into a sale and purchase agreement on June 1 to sell the assets and liabilities for $15 million, financial statements lodged with the Companies Office show. The Auckland-based company had accumulated losses of $66.5 million by March 31 and was trading with negative equity of $28.4 million....

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