Wools of NZ, Primary merger on the card - again

Mon, 31 Aug 2020

Wool company mergers have a dismal track record in New Zealand, so growers will be forgiven for greeting the latest talk of joining forces between Primary Wool Cooperative and Wools of NZ with a grain of salt.That this is the eighth time in almost as many years the two parties have sat down together does not exactly inspire confidence.The latest crack at bringing the two firms and their 2,000 farmer-shareholders together follows the recent departure of Wools of NZ chair and Banks Peninsula farmer Mark Shadbolt in an apparent boardroom coup. Sha...

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