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

 

NZ's Oldest Manufacturer On The Acquisition Trail

29 September 2005

NZ's Oldest Manufacturer On The Acquisition Trail

Over 130 years after it started manufacturing in Dunedin, agriculture specialist Donaghys Industries has bought animal remedies business Jenkins Biolabs as it gears up for a series of acquisitions.

After a period of strong growth and recent divestments, Donaghys has put together a war chest to acquire agricultural companies with a focus on applied technology and is eyeing a number of Australasian targets.

Donaghys managing director Jeremy Silva says he is delighted to have completed the Jenkins transaction.

“Jenkins Biolabs is a great kiwi company with a national reputation for its pro-biotic, bio-stimulant, and mineral products. These deliver growth and productivity gains for farmers and horticulturalists,” said Mr Silva.

“Many New Zealand farmers already use Jenkins products, so we are going to be able to use our nationwide distribution network to increase sales and drive supply efficiencies.”

Donaghys does not expect the acquisition to result in any redundancies.

“We’re looking to grow the Jenkins business so anticipate taking on more staff, particularly in technical support. All Jenkins 18 staff will transfer to Donaghys which will create one of New Zealand’s largest rural field forces.”

Newly cashed up, Donaghys is repositioning itself as a manufacturer and distributor of agriculture products and premium marine and safety braid. Essentially this represents a “back-to-our-roots” approach by Donaghys, which commenced manufacturing 130 years ago.

“We are currently looking at a number of potential acquisitions in the agriculture sector. The key theme common to all the target companies is the use of technology to maximise growth and end user returns.”

Started in Dunedin in 1876, Donaghys Industries is New Zealand’s oldest rural manufacturer. It has representation in Australia, Europe and North America as well as Auckland, Christchurch, Dunedin and Invercargill.

ENDS


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Commerce Commission: Appeals Record $2.25m Fine In Vodafone FibreX Case

The Commerce Commission has filed an appeal in the High Court against a record $2.25 million fine imposed on Vodafone NZ Limited (Vodafone) for its offending under the Fair Trading Act during its FibreX advertising campaign. While the sentence imposed in the Auckland District Court on April 14 was the largest-ever fine under the Fair Trading Act, the Commission will argue that it is manifestly inadequate... More>>



All District Health Boards: Historic Pay Equity Settlement

An historic agreement has been ratified that addresses a long-standing undervaluation of a workforce that is critical to the smooth running of our hospitals and the delivery of healthcare... More>>


MPI: Dry Autumn In Waikato And South Auckland Leads To Drought Classification Drought conditions affecting the primary sector in the Waikato and South Auckland were today classified as a medium-scale adverse event, enabling a package of support for farmers and growers... More>>


Barfoot & Thompson: Rents Up By Around 3% In Most Areas

The average weekly rent paid for homes in most areas of Auckland has risen by around 3 percent year-on-year. The figures for end March from more than 16,000 properties... More>>


DoC: Smeagol The ‘Gravel Maggot’ Leaves Its Rare Mark On The Remote West Coast
An extremely rare species of sea slug or ‘gravel maggot’ has been detected for the first time on a remote beach in South Westland... More>>



Immigration: Annual Net Migration Loss Of 7,300

The provisional net loss of 7,300 people in the year ended March 2022 was the lowest net migration for a March year since 2012, Stats NZ said today... More>>