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Comvita buys 20% stake in Uruguay's Apiter for US$6.25M to secure propolis supplies
By Jonathan Underhill June 20 (BusinessDesk) - Comvita said it has acquired 20 percent of Uruguay's Apiter for US$6.25 million and signed a long-term supply agreement to secure another source of propolis for sales into Asia. The purchase price is comprised of US$5.65 millio...
Synlait will invest $250 million to develop Pokeno site’s first spray dryer
By Margreet Dietz June 20 (BusinessDesk) - Synlait Milk will develop its second nutritional powder manufacturing factory for an estimated initial capital investment of $250 million at its new Pokeno site in Waikato, which will be commissioned for the 2019/20 season as it aims...
Retirement village exemption rejected by committee considering foreign buyer ban
By Sophie Boot June 20 (BusinessDesk) - Retirement village operators are disappointed that the select committee considering the Overseas Investment Amendment Bill did not exempt them from having to get approval before buying sensitive or residential land to build new villages....
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