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

 

NZ-Australian Golf Company Buys Singapore Cos.

FOR IMMEDIATE RELEASE

PRECISION GOLF FORGING LIMITED OF CHRISTCHURCH AND SYDNEY BUYS PGF INTERNATIONAL PTY LTD AND PGF NEW ZEALAND LTD

Precision Golf Forging Limited of Christchurch and Sydney has purchased PGF International Pty Limited and PGF New Zealand Limited from the previous owners Haw Par Corporation of Singapore.

PGF International Pty Limited and PGF New Zealand Limited (together the ‘PGF Group’) manufacture and distribute PGF golf clubs and equipment including the Optima golf ball throughout Australasia and Asia. As part of the acquisition Precision Golf Forging Limited now have ownership of the global rights to the PGF and Optima brands.

‘PGF’ and ‘Optima’ are core Australian golf brands with over 60 years serving the Australian and New Zealand golfer.

This proud tradition continues with the acquisition of the PGF Group by former management of PGF International Pty Limited who hold true to the legacy and vision of PGF founders and shareholders.

It is their commitment to see the PGF brand recapture its strong position in the market developing products for the Australasian and international market places.


The companies employ approximately 35 staff within Australia and New Zealand.

For further information contact: Mr Brett Tucker, Managing Director: Phone: (64) (3) 388-6086; Mobile: 021-685-986; Home (03) 355-2341


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Primary Sector Council Report: Vision To Unite The Primary Sector Launched

Agriculture Minister Damien O’Connor has welcomed the release of a bold new vision for the country’s vital food and fibre sector. More>>

ALSO:

Crown Accounts: Treasury HYEFU Sees Deficit Then Rising Surpluses

An operating balance before gains and losses deficit of $0.9 billion is forecast in the current year, before returning to a small surplus in 2020/21 which then grows to reach $5.9 billion (1.5% of GDP) in 2023/24. More>>

ALSO:

Fuels Rushing In: Govt "Ready To Act" On Petrol Market Report

The Government will now take the Commerce Commission’s recommendations to Cabinet...
• A more transparent wholesale pricing regime • Greater contractual freedoms and fairer terms • Introducing an enforceable industry code of conduct • Improve transparency of premium grade fuel pricing... More>>

ALSO:

Reserve Bank Capital Review Decision: Increased Bank Capital Requirements

Governor Adrian Orr said the decisions to increase capital requirements are about making the banking system safer for all New Zealanders, and will ensure bank owners have a meaningful stake in their businesses. More>>

ALSO: