Rangatira-controlled Hellers buys Australia's Moira Mac for undisclosed sum

Thu, 26 Jul 2018

By Paul McBeth July 26 (BusinessDesk) - Sausage-maker Hellers has continued its foray across the Tasman buying Victoria's Moira Mac Poultry for an undisclosed sum and adding A$40 million of revenue to its income stream. Wellington-based Rangatira Investments, which controls Hellers, today said the purchase was part of the smallgoods manufacturer's plans to expand in Australia, where it's already identified an absence of pre-cooked sausages as a "significant opportunity in the largely untapped Australian market". The expansion plans are r...

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