Wool Equities, Primary Wool Coop in tie-up talks as they eye Fonterra success

Fri, 13 Dec 2013

By Tina Morrison Dec. 13 (BusinessDesk) – Wool Equities, which manufactures wool for its grower shareholders, and Primary Wool Cooperative, a farmer-owned joint venture with wool broker Elders, are in talks about merging to boost returns as they eye the success of dairy industry giant Fonterra Cooperative Group. Wool Equities, with 9,500 farmer shareholders, and Primary Wool, owned by about 1,200 farmers, may already have many of the same shareholders and are looking at the benefits of uniting their businesses, said Wool Equities chairman Cl...

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