Adamantem Capital says processed meat producer Hellers would be a prime cut for NZ investors

One of Hellers NZ factories. (Image: Adamantem Capital)

Wed, 05 Mar 2025

The largest shareholder of Australasian processed meat company Hellers says it is a good candidate for an initial public offering in New Zealand. Australian private equity (PE) firm Adamantem Capital bought an almost 30% stake in the sausage maker in 2018. In addition to its NZ operations, which included factories in Kaiapoi and Manukau, Hellers has a presence across the Ditch through the Moira Mac Poultry acquisition made in the same year. Adamantem managing director Angus Stuart said an initial public offering (IPO) made sense...

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