Scoop has an Ethical Paywall
Receivers Announce Sale of North Island Mussel Processors
MEDIA RELEASE
2 October 2012
Receivers Announce Sale
of North Island Mussel Processors
William Black and Andrew Grenfell of McGrathNicol are pleased to announce that an unconditional agreement has been entered into for the sale of the business and assets of North Island Mussel Processors Limited (In Receivership) (“NIMPL”) to North Island Mussels Limited, a company owned 50% by each of Sanford and Sealord.
NIMPL owns and operates an automated toll mussel processing plant in Greerton, Tauranga incorporating leading edge automated mussel opening machines and technology.
Receiver William Black commented “This is a very pleasing outcome and enables the business to transition out of receivership and be placed on a stable footing ahead of the mussel processing season, which is due to commence later this month.”
The existing management team and staff of NIMPL will all be retained as part of the sale and the process for hiring new season staff has already commenced.
ends
John Mazenier: Gaffer Tape And Glue Delivering New Zealand’s Mission Critical Services
Earthquake Commission: Ivan Skinner Award Winner Inspired By Real-life Earthquake Experience
Reserve Bank: Consultation Opens On A Digital Currency For New Zealand
NIWA: Ship Anchors May Cause Extensive And Long-lasting Damage To The Seafloor, According To New Research
New Zealand Customs Service: A Step Forward For Simpler Trade Between New Zealand And Singapore
Horizon Research: 68% Say Make Banks Offer Fraud Protection
