Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Pyne Gould Guinness launches foray into North Is

Pyne Gould Guinness launches foray into North Island

Pyne Gould Guinness Limited’s (PGG) recent employment of 10 stock agents in the Waikato is the forerunner to further expansion in North Island.

The South Island-based company has always made it clear that it sees the North Island as an expansion target and will continue to assess opportunities when they arise in the future.

Hugh Martyn, PGG chief executive, said the whole dynamics of the rural servicing industry in the North Island are undergoing major changes.

“Just as this opportunity arose for us in the Waikato, we expect others to occur as a result of the changes taking place at present. The timing of our expansion into the North Island will be dictated by the opportunities that present themselves, not the need to achieve certain goals in a given timeline,” he said.

Pyne Gould Guinness has roots back to the earliest days of New Zealand settlement , over 150 years as a rural servicing company. It has 10eight separate divisions including farm supplies, seeds, insurance, wool, livestock, (which includes the standardbred and , velpool businesses), irrigation and plumbing, finance, and real estate. To date its only other North Island operations areinclude a turf operation in Auckland and a horticultural supply companybusiness with field staff in Hastings. PGG also has North Island representation for its Seeds division and conducts standard bred sales at the Karaka sales centre.

The 10 agents, who will begin with PGG later in April, will service Waikato dairy and sheep/beef farmers. They were previously employed by Williams and Kettle (W&K) but were offered jobs with PGG after W&K was taken over by Wrightson. It had been PGG’s initial intention to take over W&K, but was out bid by Wrightson.

“These 10 agents have incredible experience and knowledge of the Waikato dairy and wider farming industry. They are well respected in their fields of expertise and we know that there are farmers out there who want to deal with companies like PGG rather than others at present in the marketplace.

“We believe that PGG will be well received offer a very attractive alternative in the rural servicing industry in the North Island. and wWe see this initial step in the Waikato as part of our expansion plans the start of a whole new era for the company in the North Island. We will continue to pursue other opportunities as they ariseare happy to talk with other groups with view to further expansion,” he said.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Voluntary Administration: Renaissance Brewing Up For Sale

Renaissance Brewing, the first local company to raise capital through equity crowdfunding, is up for sale after cash flow woes and product management issues led to the appointment of voluntary administrators. More>>


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>


Media Mega Merger: Full Steam Ahead For Appeal

New Zealand's two largest news publishers have confirmed they are committed to pursuing their appeal against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>


Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>