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

 

Tubes: Tasman Global Access Cable Goes Live

Spark, Vodafone and Telstra have today announced the Tasman Global Access (TGA) cable is officially in service and ready to carry vast quantities of Internet traffic between New Zealand and the world. More>>

ALSO:

Theresa Does: Brexit Letter Sees NZD Touch Week-High Vs GBP On Brexit

The New Zealand dollar rose to a week-high against the British pound and euro after UK Prime Minister Theresa May officially triggered Britain's exit from the European Union. More>>

ALSO:

Statistics: Business Research And Development Up 29 Percent

Computer services and machinery manufacturing firms led the way in an almost 30 percent lift in business spending on research and development (R&D) in 2016, Stats NZ said today. Businesses spent $1.6 billion on R&D in 2016, up $356 million (29 percent) from 2014. More>>

ALSO:

China Shopping: NZ-China FTA Upgrade Agreed Among Slew Of New Deals

New Zealand Prime Minister Bill English and China Premier Li Keqiang signed off a series of cooperation deals spanning trade, customs, travel and climate change and confirmed commencement of official talks on an upgrade to the nine-year old free-trade agreement between the two countries. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news