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


RJ’s signs conditional agreement to acquire local brands

RJ’s signs conditional agreement to acquire local brands, ensuring jobs remain in NZ

Iconic New Zealand confectionery brand, RJ’s, has entered into a conditional agreement with Nestle NZ to acquire a stable of iconic New Zealand brands including Black Knight, Fabulicious, Heards, Mackintosh, and Oddfellows.

As part of the planned acquisition, the Lifesavers brand will be purchased by its sister company Darrell Lea in Australia.

The deal will strengthen RJ’s position as one of the largest confectionery manufacturers in NZ with operations based in Levin.

The RJ’s management team plan to work closely with Nestle on a manufacturing transition plan that will see products transferred by the end of 2018. Tim York, CEO of RJ’s said “We are really excited about this acquisition. It gives RJ’s greater strength within the confectionery category and broadens our confectionery offer beyond the licorice segment.”

Mr. York added “RJ’s has a place in the hearts of all New Zealanders and over the last 5 years we have seen the business double in size due to strong domestic and export growth in the USA, Canada and the UK. We are passionate about New Zealand manufacturing & this conditional acquisition will increase our manufacturing presence in NZ”.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Geothermal: World-Leading Silica Extraction Project

Geo40, in cooperation with Contact Energy and the Ngati Tahu Tribal Lands Trust, is this month set to start commercially extracting silica from geothermal fluid as part of a world-leading sustainable energy partnership. More>>

Electrical Vehicles: New Database of Charging Stations

EVRoam, a real-time database of public charging infrastructure, provides one view of a safe, reliable and interoperable public charging network for electric vehicles in New Zealand. More>>


FMA Mulls Legal Action: Customers Not Focus At Insurers

Most firms had processes in place to identify when a customer was being advised to replace life or health insurance... Generally, these processes seemed oriented towards reducing firms’ legal risk, rather than to identifying and mitigating risks for customers. More>>


Brands Sale To RJ's: Nestle Job Losses “A Bolt From The Blue”

E tū has about 200 members at the plant, where up to 55 workers could lose their jobs... Well-known Kiwi brands affected by the sale include Mackintosh’s, Heards, Black Knight liquorice, Life Savers and Oddfellows. More>>


'Sanctuaries': New Seabed Mining Project Threatens Endangered Species

Greenpeace is shocked to discover that a new seabed mining exploration permit has been awarded inside a Marine Mammal Sanctuary, and is calling on the Government to reject all attempts to mine the seabed. More>>