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

 


Kono NZ LP buys Annie’s Marlborough

30 April 2014

Kono NZ LP buys Annie’s Marlborough

On 29th April, Annie’s Marlborough has been acquired by Wakatu Incorporation’s Kono NZ, after an agreement was made with Annie’s receiver PwC (formerly known as Price Waterhouse Coopers).

PwC Partner John Fisk, Receiver of Annie’s Marlborough Limited (In Receivership) says, "We are pleased to announce the sale of the Annie’s business to Kono NZ LP. This is a good result for the Annie’s Marlborough employees, Kono NZ and the wider Marlborough community. We were pleased to work with Kono NZ to finalise this sale, and are delighted that the Annie’s business will be able to continue following the receivership, albeit under new ownership."

The Chief Executive Officer of Kono NZ, Don Everitt says “We are excited about the future for Annie’s within the Kono basket. The range of natural fruit bars made by Annie’s Marlborough fits well in the range of food and beverage brands owned by Kono NZ. There are some great export opportunities for Annie’s in consumer markets around the world where natural and healthy products are highly valued. Kono is very pleased that ownership of Annie’s will remain in the Te Tau Ihu community.”

Kono NZ is the food and beverage operating business of Wakatu Inc. Wakatu Incorporation was formed in 1977 with an $11 million asset base of mainly land, and has grown into a $250m property, food and beverage business and export company. It has more than 3000 owners who descend from the original Maori land owners of the Nelson, Tasman, Golden Bay region.

Kono was formed in 2011 and employs more than 350 staff. It farms more than 500 hectares of land and sea and exports to more than 25 countries. Its focus is on high-quality wine, fruit and seafood products including local wine brands Tohu and Aronui wines.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Cosmetics & Pollution: Proposal To Ban Microbeads

Cosmetic products containing microbeads will be banned under a proposal announced by the Minister for the Environment today. Marine scientists have been advocating for a ban on the microplastics, which have been found to quickly enter waterways and harm marine life. More>>

ALSO:

NIWA: 2016 New Zealand’s Warmest Year On Record

Annual temperatures were above average (0.51°C to 1.20°C above the annual average) throughout the country, with very few locations observing near average temperatures (within 0.5°C of the annual average) or lower. The year 2016 was the warmest on record for New Zealand, based on NIWA’s seven-station series which begins in 1909. More>>

ALSO:

Farewell 2016: NZ Economy Flies Through 2016's Political Curveballs

Dec. 23 (BusinessDesk) - New Zealand's economy batted away some curly political curveballs of 2016 to end the year on a high note, with its twin planks of a booming construction sector and rampant tourism soon to be joined by a resurgent dairy industry. More>>

ALSO:


NZ Economy: More Growth Than Expected In 3rd Qtr

Dec. 22 (BusinessDesk) - New Zealand's economy grew at a faster pace than expected in the September quarter as a booming construction sector continued to underpin activity, spilling over into related building services, and was bolstered by tourism and transport ... More>>

  • NZ Govt - Solid growth for NZ despite fragile world economy
  • NZ Council of Trade Unions - Government needs to ensure economy raises living standards
  • KiwiRail Goes Deisel: Cans electric trains on partially electrified North Island trunkline

    Dec. 21 (BusinessDesk) – KiwiRail, the state-owned rail and freight operator, said a small fleet of electric trains on New Zealand’s North Island would be phased out over the next two years and replaced with diesel locomotives. More>>

  • KiwiRail - KiwiRail announces fleet decision on North Island line
  • Greens - Ditching electric trains massive step backwards
  • Labour - Bill English turns ‘Think Big’ into ‘Think Backwards’
  • First Union - Train drivers condemn KiwiRail’s return to “dirty diesel”
  • NZ First - KiwiRail Going Backwards for Xmas
  • NIWA: The Year's Top Science Findings

    Since 1972 NIWA has operated a Clean Air Monitoring Station at Baring Head, near Wellington... In June, Baring Head’s carbon dioxide readings officially passed 400 parts per million (ppm), a level last reached more than three million years ago. More>>

    ALSO:

    Get More From Scoop

     
     
     
     
     
     
     
     
    Business
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news