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

 

Scoop Business: Spark, Voda And Telstra To Lay New Trans-Tasman Cable

Spark New Zealand and Vodafone, New Zealand’s two dominant telecommunications providers, in partnership with Australian provider Telstra, will spend US$70 million building a trans-Tasman submarine cable to bolster broadband traffic between the neighbouring countries and the rest of the world. More>>

ALSO:

Statistics: Current Account Deficit Widens

New Zealand's annual current account deficit was $6.1 billion (2.6 percent of GDP) for the year ended September 2014. This compares with a deficit of $5.8 billion (2.5 percent of GDP) for the year ended June 2014. More>>

ALSO:

Still In The Red: NZ Govt Shunts Out Surplus To 2016

The New Zealand government has pushed out its targeted return to surplus for a year as falling dairy prices and a low inflation environment has kept a lid on its rising tax take, but is still dangling a possible tax cut in 2017, the next election year and promising to try and achieve the surplus pledge on which it campaigned for election in September. More>>

ALSO:

Job Insecurity: Time For Jobs That Count In The Meat Industry

“Meat Workers face it all”, says Graham Cooke, Meat Workers Union National Secretary. “Seasonal work, dangerous jobs, casual and zero hours contracts, and increasing pressure on workers to join non-union individual agreements. More>>

ALSO:

Scoop Business: ComCom Charges Hawkins’ Finance Companies Over Debt Recovery

The Commerce Commission has filed criminal proceedings against two finance companies run by former 1980s high-flyer Allan Hawkins over their debt recovery practices. More>>

ALSO:

Science Media Centre: The Big Science Stories Of 2014

It was a dramatic year for science, one that witnessed a severe outbreak of Ebola in West Africa and an historic mission to land a space probe on a comet. On the home front... headlines with animal testing for 'legal highs', 1080 use to tackle increased pest numbers and court action over genetically modified organisms among the most-covered stories. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news