Kiwifruit supplier seeks major acquisition

Thu, 15 Apr 2021

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...

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