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

 


Elders New Zealand sells to Carr Group

Elders New Zealand sells to Carr Group


South Island based Carr Group have acquired Elders Rural Services New Zealand (Elders) for an undisclosed amount from Elders Australia Limited and New Zealand based Sredle Rural Services.


Carr Group Managing Director, Craig Carr said the opportunity to return Elders to Kiwi ownership was exciting for both companies. “Bringing together two strong agri-businesses under one New Zealand entity will not only expand our footprint within New Zealand but also across the global marketplace where we currently operate and export to more than 40 countries. Supported by a team of over 400 staff in New Zealand, Australia, India, Africa and the Middle East, this acquisition will take combined group annual revenues to in excess of NZD300 million”.


Starting from humble beginnings 40 years ago in Ashburton, founders Greg and Glenys Carr are still active in the business along with their three sons and daughter.


“I am exceptionally proud of what we have achieved in the agri-business space given where we started from” said Greg Carr. “The opportunity to now work with another iconic New Zealand agri company is immense and opens up many avenues for growth”.


“The investment by the Carr Group is a strong endorsement of the Elders business in New Zealand” said Stuart Chapman, Elders Managing Director, New Zealand. “It demonstrates focus and commitment to continued growth in the agri sector locally and internationally.


Clients can feel reassured that they will continue to receive a high level of service as we continue to focus on supporting their day-to-day needs”.


Elders will continue to operate under the leadership of Stuart Chapman with no immediate plans to change either business. “It will be business as usual and as we settle in we will look for synergies between both businesses to ensure we achieve business efficiencies” said Craig Carr.


END

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Gordon Campbell: On Tiwai Point (And Saying “No” In Greece)

Its hard to see how Rio Tinto’s one month delay in announcing its intentions about the Tiwai Point aluminium smelter is a good sign for (a) the jobs of the workers affected or (b) for the New Zealand taxpayer. More>>

ALSO:

Half Empty: Dairy Product Prices Extend Slide To Six-Year Low

Dairy product prices continued their slide, paced by whole milk power, in the latest GlobalDairyTrade auction, weakening to the lowest level in six years. More>>

ALSO:

Copper Broadband: Regulator Set To Keep Chorus Pricing Largely Unchanged

The Commerce Commission looks likely to settle on a price close to its original decision on what telecommunications network operator Chorus can charge its customers, though it probably won’t backdate any update. More>>

ALSO:

Lower Levy For Safer Cars: ACC Backtracks On Safety Assessments

Dog and Lemon: “The ACC has based the entire levy system on a set of badly flawed data from Monash University. This Monash data is riddled with errors and false assumptions; that’s the real reason for the multiple mistakes in setting ACC levies.” More>>

ALSO:

Fast Track: TPP Negotiations Set To Accelerate, Groser Says

Negotiations for the Trans-Pacific Partnership will accelerate in July, with New Zealand officials working to stitch up a deal by the month's end, according to Trade Minister Tim Groser. More>>

ALSO:

Floods: Initial Assessment Of Economic Impact

Authorities around the region have compiled an initial impact assessment for the Ministry of Civil Defence, putting the estimated cost of flood recovery at around $120 million... this early estimate includes social, built, and economic costs to business, but doesn’t include costs to the rural sector. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news