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NDS sale means business as usual says new owner

MEDIA RELEASE
8 May 2006


NDS sale means business as usual says new owner

It’s business as usual for customers of petrol stations owned by former Fonterra subsidiary NDS Fuels, according to the company’s new owner Garry Hannam.

Mr Hannam, general manager of NDS Fuels for the past 11 years, bought the company from his former employer for an undisclosed sum in a deal concluded late last week.

NDS owns 11 petrol stations in the Northland region, from Dairy Flat to Kaitaia.

Mr Hannam said the business would work to retain the special relationship it had built up with the Northland community since 1923. In particular, Fonterra suppliers would still be able to have their monthly account payments automatically deducted from their milk cheque.

Fonterra Enterprises General Manager John Lea said it made sense for Fonterra to concentrate its retail activities in areas more closely connected to the farm. However, he said, it was important to Fonterra that suppliers and customers of NDS Fuels would continue to receive the same service under the new ownership structure.

“Garry has a long history with the company, which makes him an ideal person to take the business forward. We wish him every success.”

ENDS

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