Kiwifruit supplier seeks major acquisition

Kiwifruit supplier seeks major acquisition
Rebecca Howard
Seeka chief executive Michael Franks expects shareholders to greenlight plans to acquire post-harvest operator Opotiki Packing and Coolstorage (OPAC).“We are hopeful that the Seeka shareholders will approve the deal. The acquisition is accretive to both companies and I expect it to be endorsed by shareholders,” he said.OPAC, which has 44 shareholders, provides orchard and postharvest services to kiwifruit growers in the eastern Bay of Plenty, Gisborne, Te Puke and Hawke’s Bay. A combined Seeka-OPAC business will handle ap...

More Primary Sector

Zespri on track for 'moderate increase' in volume next year
Primary Sector

Zespri on track for 'moderate increase' in volume next year

Zespri's producer vote to expand global supply passed this week.

Riley Kennedy 12 Dec 2024
Yashili NZ revenue dropped 42%
Primary Sector

Yashili NZ revenue dropped 42%

The Chinese-owned dairy processor’s accounts were due in May.

Riley Kennedy 12 Dec 2024
Zespri growers vote in favour of expanding global supply
Primary Sector

Zespri growers vote in favour of expanding global supply

Zespri’s growers have voted to support the expansion of the kiwifruit marketer’s global supply.A total of 90.6% of voting growers and 93.3% by fruit weight voted in favour of the resolution, which will allocate up to 420 hectares of SunGold fruit per year over six years in Italy,...

Riley Kennedy 11 Dec 2024