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.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Banks: Westpac Keeps Core Government Transactions Contract

The local arm of Westpac Banking Corp has kept its contract with the New Zealand government to provide core transactions, but will have to share peripheral services with its rivals. More>>


Science Investment Plan: Universities Welcome Statement

Universities New Zealand has welcomed the National Statement of Science Investment released by the Government today... this is a critical document as it sets out the Government’s ten-year strategic direction that will guide future investment in New Zealand’s science system. More>>


Scouring: Cavalier Merger Would Extract 'Monopoly Rents' - Godfrey Hirst

A merger of Cavalier Wool Holdings and New Zealand Wool Services International's two wool scouring operations would create a monopoly, says carpet maker Godfrey Hirst. The Commerce Commission on Friday released its second draft determination on the merger, maintaining its view that the public benefits would outweigh the loss of competition. More>>


Scoop Review Of Books: She Means Business

As Foreman says in her conclusion, this is a business book. It opens with a brief biographical section followed by a collection of interesting tips for entrepreneurs... More>>


Hourly Wage Gap Grows: Gender Pay Gap Still Fixed At Fourteen Percent

“The totally unchanged pay gap is a slap in the face for women, families and the economy,” says Coalition spokesperson, Angela McLeod. Even worse, Māori and Pacific women face an outrageous pay gap of 28% and 33% when compared with the pay packets of Pākehā men. More>>


Housing: English On Housing Affordability And The Economy

"Long lead times in the planning process tend to drive prices higher in the upswing of the housing cycle. And those lead times increase the risk that eight years later, when additional supply arrives, the demand shock that spurred the additional supply has reversed. The resulting excess supply could produce a price crash..." More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news