Italy’s Barilla pasta family pays $25 million for Leferink dairy farm

Fri, 29 Nov 2013

By Tina Morrison Nov. 29 (BusinessDesk) – Italy’s Barilla family, founders of the world’s largest pasta company, have paid $25 million to buy a South Island dairy farm from Federated Farmers dairy chairman Willy Leferink and his wife Jeanet. New Zealand’s Overseas Investment Office approved the purchase in a decision released today, saying the buyers intend to make additional capital investment in the farm and develop significant indigenous biodiversity. The price for the 413-hectare property Rakaia property represents about $61,000 a hecta...

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