Archive for June, 2011

Apata’s acquires a 33 per cent holding in marketer Primor

Comments Off | 06-30-2011

The Bay Of Plenty Times Tuesday reported that Apata and Primor, two major players in the New Zealand avocado industry, have formalized a 23-year long relationship through Apata’s acquisition of a 33 per cent holding in marketer Primor.
Apata chief executive Steve Low and Primor director John Carroll said the move was a logical one, given [...]

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Posted in Agriculture New Zealand, Foreign Direct Investment/FDI New Zealand, General | Read More

Manufacturing firm Scott Technology keen on raising $9.5 million for expansion

Comments Off | 06-29-2011

The New Zealand Herald Tuesday reported that manufacturing firm Scott Technology is looking to raise $9.5 million from shareholders to shore up its balance sheet, build stock and pursue new business opportunities, says its boss.
The Dunedin-based company has announced a one-for-four renounceable rights issue open to existing investors. According to the Herald, at $1.20 per [...]

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Posted in Finance New Zealand, Foreign Direct Investment/FDI New Zealand, General | Read More

HCL Technologies Ltd and Finzsoft Solutions Limited extend partnership

Comments Off | 06-28-2011

HCL Technologies Ltd. (HCL), a leading global IT services provider, announced Monday the extension of the global partnership with New Zealand finance and banking specialist and one of Australasia’s leading proprietary Banking and Finance software solution companies Finzsoft Solutions Limited to deliver new high value technology solutions to the region’s banking and finance sector.
According to [...]

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Posted in Foreign Direct Investment/FDI New Zealand, General | Read More

Commerce Commission clears Comfort Group to acquire Dunlop Living

Comments Off | 06-26-2011

New Zealand Comfort Group, which owns the Sleepyhead mattress brand, has gained approval from the Commerce Commission to buy bed and furniture manufacturer Dunlop Living Ltd.
The clearance is conditional on the merged company agreeing to sell Dunlop’s foam underlay manufacturing business, the regulator said in a statement today.
Earlier this year, the Turner family-owned NZ Comfort [...]

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Posted in Foreign Direct Investment/FDI New Zealand, General | Read More

Trade Me founder Sam Morgan acquires minority stake in scented candle and beauty products manufacturer

Comments Off | 06-25-2011

Trade Me founder Sam Morgan has stumped up $1 million for a stake in scented candle and beauty products maker Ecoya, reported Stuff New Zealand.
Majority shareholder Business Bakery LP sold 1.25 million to Morgan at 80 cents apiece, the current price on the NZX, according to a substantial shareholder notice lodged on the stock exchange, [...]

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Posted in Foreign Direct Investment/FDI New Zealand, General | Read More

Matariki Forests applies for clearance to acquire the Selwyn Plantation Board’s forestry assets

Comments Off | 06-24-2011

The Commerce Commission has received an application from Matariki Forests seeking clearance to acquire the forestry assets of the Selwyn Plantation Board. Matariki Forests is New Zealand’s third largest forestry company and owns exotic forests throughout New Zealand. It is the largest forest owner in Canterbury.
The Selwyn Plantation Board owns exotic forests in Canterbury. It [...]

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Posted in Foreign Direct Investment/FDI New Zealand, General | Read More

Trustees Executors Limited buys New Zealand Securities and Company Solutions

Comments Off | 06-23-2011

Trustees Executors Limited (TEL) announced Tuesday that it has acquired from interests associated with Garth and Carolyn Melville, the New Zealand Securities (NZS) group of companies, including Company Solutions which has been a long established leader in company and trust formation and associated services in New Zealand.
The acquisition of NZS shows TEL’s commitment to continued [...]

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Posted in Foreign Direct Investment/FDI New Zealand, General | Read More

Natural Dairy NZ Holdings buys kiwi milk even after bid failure

Comments Off | 06-22-2011

According to a report carried by the New Zealand Herald Monday, Natural Dairy NZ Holdings, the Hong Kong Company blocked from buying the Crafar farms last year, has started selling New Zealand-made dairy products in China after UBNZ Funds Management was granted approval to export.
Natural Dairy told the Hong Kong Stock Exchange that it sold [...]

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Posted in Dairy Investment NZ, Foreign Direct Investment/FDI New Zealand, General | Read More

Night ‘n Day expands with opening of 21 new outlets in the North Island

Comments Off | 06-21-2011

Stuff New Zealand Monday reported that South Island convenience grocery chain Night ‘n Day almost doubled in size in just a few months, opening 21 new outlets in the North Island. The family-owned company has partnered with Gull, displacing Woolworths at 21 of that company’s largest service stations, taking its nationwide store count to 49, [...]

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Posted in Foreign Direct Investment/FDI New Zealand, General | Read More

Bright Foods Group Co. reportedly seeking to buy stake in New Zealand’s Independent Liquor group

Comments Off | 06-19-2011

NZPA Friday reported that Shanghai-based food and dairy company the Bright Foods Group Co is amongst the companies seeking to buy a stake in New Zealand’s Independent Liquor group.
According to a Reuters report, Private equity firms Unitas and Pacific Equity Partners (PEP) are looking to sell a stake in New Zealand beverages group Independent Liquor. [...]

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Posted in Foreign Direct Investment/FDI New Zealand, General | Read More