Receivers called in after sale of pine processor Claymark falls through

Receivers called in after sale of pine processor Claymark falls through
Paul McBeth
Receivers have been appointed to Claymark Group after a deal to buy the country’s biggest manufacturer and exporter of premium pine products fell through.New Zealand Future Forest Partnership had agreed to buy Claymark’s local and US operations, taking on more than 500 staff across six manufacturing sites and annual revenue of about $185 million. The conditional deal had been expected to settle on Sept. 30.However, Claymark today said the board asked its senior lender to appoint receivers as settlement dragged on and the company couldn't secure...

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