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

 

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news