Seeka to buy Aongatete Coolstores

Tue, 12 Mar 2019

By Rebecca Howard March 13 (BusinessDesk) - Kiwifruit grower and marketer Seeka will purchase Aongatete Coolstores for a combined business value of $25 million as part of its growth strategy. Aongatete is an integrated kiwifruit orcharding and post-harvest company operating across the Bay of Plenty, a location within Seeka's traditional catchment. The purchase is expected to add 4 million to 4.5 million trays of kiwifruit annually and deliver sustainable earnings before interest, tax, depreciation and amortization of between $3.5 million...

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