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

 


NZ's Oldest Manufacturer On The Acquisition Trail

29 September 2005

NZ's Oldest Manufacturer On The Acquisition Trail

Over 130 years after it started manufacturing in Dunedin, agriculture specialist Donaghys Industries has bought animal remedies business Jenkins Biolabs as it gears up for a series of acquisitions.

After a period of strong growth and recent divestments, Donaghys has put together a war chest to acquire agricultural companies with a focus on applied technology and is eyeing a number of Australasian targets.

Donaghys managing director Jeremy Silva says he is delighted to have completed the Jenkins transaction.

“Jenkins Biolabs is a great kiwi company with a national reputation for its pro-biotic, bio-stimulant, and mineral products. These deliver growth and productivity gains for farmers and horticulturalists,” said Mr Silva.

“Many New Zealand farmers already use Jenkins products, so we are going to be able to use our nationwide distribution network to increase sales and drive supply efficiencies.”

Donaghys does not expect the acquisition to result in any redundancies.

“We’re looking to grow the Jenkins business so anticipate taking on more staff, particularly in technical support. All Jenkins 18 staff will transfer to Donaghys which will create one of New Zealand’s largest rural field forces.”

Newly cashed up, Donaghys is repositioning itself as a manufacturer and distributor of agriculture products and premium marine and safety braid. Essentially this represents a “back-to-our-roots” approach by Donaghys, which commenced manufacturing 130 years ago.

“We are currently looking at a number of potential acquisitions in the agriculture sector. The key theme common to all the target companies is the use of technology to maximise growth and end user returns.”

Started in Dunedin in 1876, Donaghys Industries is New Zealand’s oldest rural manufacturer. It has representation in Australia, Europe and North America as well as Auckland, Christchurch, Dunedin and Invercargill.

ENDS


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news