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

 


Solid Energy Selects Preferred Bidder For Agri-Business

4 October 2012

Solid Energy Selects Preferred Bidder For Agri-Business

Solid Energy has selected a consortium led by Southern Packers as preferred bidder for the agribusiness division of Biodiesel New Zealand.

Solid Energy said in August that as part of its response to the impact on its business of the extremely challenging global coal market, the company would sell its biodiesel business which operates in two parts – one manufacturing and marketing biofuel and an agri-business division which contracts with farmers to grow oilseed rape, processes the seed at its Rolleston oilseed extraction plant and sells the oil into the food industry and meal as animal feed.

If the sale negotiations are successful, Solid Energy expects that the consortium will take over the business in November. The consortium also includes Midlands Seed, Biodiesel New Zealand’s current agri-business manager and an agronomist currently contracted to the business.

The consortium’s bid is a going concern offer and their intention is take the oilseed rape industry forward in New Zealand.

Solid Energy is currently considering bids for Biodiesel New Zealand’s fuel division.

Note: Southern Packers Limited grades, packs and exports onions to the United Kingdom, Europe, and Asia and also supplies the local market, here in New Zealand. The company is based in Washdyke, Timaru in South Canterbury. The company also pack potatoes for export. Southern Packers Ltd. was formed in 1999 when a group of local growers and exporters purchased the existing packhouse, built in 1998, from Alpine Fresh.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Gongs Got: Canon Media Awards & NZ Radio Awards Happen

Radio NZ: RNZ website The Wireless, which is co-funded by NZ On Air, was named best website, while Toby Manhire and Toby Morris won the best opinion general writing section for their weekly column on rnz.co.nz and Tess McClure won the best junior feature writer section. More>>

ALSO:

Pre-Budget: Debt Focus Risks Losing Opportunity To Stoke Economy

The Treasury is likely to upgrade its forecasts for economic growth in Budget 2016 next week but Finance Minister Bill English has already signalled that more of his focus is on debt repayment than on fiscal stimulus or tax cuts... More>>

ALSO:

Fulton Hogan's Heroes: Managing Director Nick Miller Resigns

Fulton Hogan managing director Nick Miller will leave the privately owned construction company after seven years in charge. The Dunedin-based company has kicked off a search for a replacement, and Miller will stay on at the helm until March next year, or until a successor has been appointed and a transition period completed. More>>

ALSO:

Gordon Campbell: On Electricity, Executions, And Bob Dylan

The Electricity Authority has unveiled the final version of its pricing plan for electricity transmission. This will change the way transmission prices (which comprise about 10% of the average power bill) are computed, and will add hundreds of dollars a year to power bills for many ordinary consumers. More>>

ALSO:

Half Empty: Fonterra NZ, Australia Milk Collection Drops In Season

Fonterra Cooperative Group says milk collection is down in New Zealand and Australia, its two largest markets, in the first 11 months of the season during a period of weak dairy prices. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news