Markets

Hart to Hart – building a beautiful thing

Paul McBeth
Mon, 28 Dec 2020

Paul McBeth
Mon, 28 Dec 2020
After decades of stitching up deals, New Zealand’s media-shy billionaire Graeme Hart spent much of 2020 slowly unpicking his biggest.He created a titan in Reynolds Group Holdings, coming within cooee of toppling Switzerland’s Tetra Laval as the world’s biggest food packaging group when his firm’s annual revenue peaked at almost US$14 billion in 2013.The group's genesis was in the 2005 takeover of Carter Holt Harvey when his Rank Group bought International Paper’s controlling stake in the NZ paper, packaging and...

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