Tractor retailer Norwood facing 'material uncertainty' after losing long-held deal

Norwood's head office in Palmerston North. (Image: NZME)

Tue, 11 Jun 2024

Agricultural equipment retailer Norwood is facing “material uncertainty” after losing a long-held agreement to sell the New Holland brand last year.But it believes the signing of two new deals since then will “substantially replace” the lost sales over the past two years.Founded more than 75 years ago, Palmerston North Norwood – which trades as CB Norwood Distributors and is owned by Hong Kong-based Zuellig Group – has multiple dealerships across the country.Last year, it officially parted ways with global ma...

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