Archive for the ‘Food Investment and processing NZ’ Category

Australia’s Retail Food in $4 million purchase of NZ coffee group Evolution

Comments Off | 07-29-2011

Scoop New Zealand Thursday reported that Australia’s Retail Food Group has agreed to a $4 million deal to buy New Zealand’s Evolution Coffee Roasters group. Retail Food Group is an ASX-listed food franchise that operates the Esquires Coffee Houses and Brumby’s Bakeries brands.
Under the deal, the Australian food brand manager will pay cash for the [...]

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Wilbur-Ellis purchases assets of New Zealand and Australian Pet Food Ingredients (NZAPFI)

Comments Off | 05-5-2011

US based Wilbur-Ellis Company announced Tuesday that it has purchased the assets of New Zealand and Australian Pet Food Ingredients (NZAPFI).  The mechanically deboning facilities located in New Zealand will now be part of Wilbur-Ellis’ Feed Division.
Wilbur-Ellis has a strong position in the feed ingredient market in the U.S. with decades of experience featuring a [...]

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Silver Fern Farms to set up new plant on its Te Aroha site

Comments Off | 04-22-2011

Silver Fern Farms announced plans Wednesday to build a new high-tech beef processing plant on its Te Aroha site, subject to final board and other approvals including union agreement. At the same time, the company is considering the purchase of Wallace Corporation’s meat processing plant at Waitoa.
Wallace Corporation will retain its rendering, tanning, farming and [...]

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Prolife Foods buys out Donovans Chocolates, merging two of Hamilton’s renowned family enterprises

Comments Off | 04-2-2011

Two of Hamilton’s renowned family owned enterprises are merging their businesses. According to the Waikato Times, Profile Foods is planning to acquire Donovans Chocolates. The reports indicated that the two businesses signed a deal for the acquisition Friday, for which Profile Foods will buy out Donovans’ operation. However, the report said that Donovans’ chief executive [...]

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German food group Dr Oetker acquires Simplot’s New Zealand and Australian pizza business

Comments Off | 01-22-2011

German food group Dr Oetker announced it has acquired Simplot’s Australian and New Zealand pizza business. According to Dr. Oetker, the acquisition includes the Papa Giuseppi’s brand, all frozen private-label pizza made by Simplot and the pizza assets at the US company’s facility in the Victorian town of Pakenham.
Under the terms of the deal, Simplot [...]

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Pactiv Corporation and Reynolds Group Holdings Ltd’s to close investment transaction

Comments Off | 09-25-2010

Pactiv Corporation and Reynolds Group Holdings Ltd are close to sealing their investment deal. In a move that marks a near closure for the deal; the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 expired, opening way for the conclusion.
Pactiv Corporation is a global leader in the consumer and food service packaging markets [...]

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South Island food producer Affco Holding’s independent directors endorse Talley’s Group offer

Comments Off | 09-22-2010

The Talley’s Group’s takeover offer for Affco Holding has yet received the strongest indication of backing from Affco Holding’s independent directors. In a sign of support for the offer from the South Island food producer, Affco Holding’s independent directors sanctioned the takeover offer, after the Talley’s Group declared its offer unconditional Tuesday.
Affco Holding told its [...]

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Reynolds Group Holdings Ltd acquires the Reynolds Food and Flexible Packaging group of companies

Comments Off | 09-4-2010

Reynolds Group Holdings Ltd (RGHL) reported it had acquired the Reynolds Food and Flexible Packaging group of companies. The acquisition will see Reynolds Group Holdings Ltd takeover the Reynolds Food and Flexible Packaging group from Reynolds Packaging (NZ) Ltd.
The Reynolds Packaging (NZ) Ltd is a New Zealand firm owned by Graeme Hart, owner of the [...]

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$151 million investment to rejuvenate New Zealand’s red meat industry, $500 million net economic gains expected

Comments Off | 08-18-2010

An ambitious plan to rejuvenate the New Zealand meat industry will see an injection of $151 million funding into the industry. The planned funding was announced in Wellington Tuesday and targets a net economic return of over $500 million.
In a seven year plan presented by Silver Fern Farms, a Dunedin headquartered meat processor, together with [...]

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Japanese firm Imanaka buys Cedenco – Food Processing, New Zealand

Comments Off | 07-8-2010

The receivers of Cedenco Foods, last week announced they had sold the company to Japanese Food Group, Imanaka. Cedenco, a food processing and packaging group, was sold to Japan’s Imanaka Ltd as a going concern for an undisclosed amount of money by Korda Mentha. Korda Mentha were appointed receivers by ANZ in November 2009 after [...]

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