MSC NewsWire

Founded by Max Farndale 1947 - 2018
Saturday, 25 June 2022 10:27
  • Home
    • About Us
    • Pricing
    • Global Presswire
    • Industry Organisations
  • News Sectors
    • Headlines Through Today
    • Environmental Talk
    • Out of The Beehive
    • Primary Sector Talk
    • Reporters Desk
    • The MSC NewsReel
    • MSCNetwork
    • FinTech Talk
    • The FactoryFloor Newsreel
    • Trade Talk
    • News Talk
    • Industry Talk
    • Technology Talk
    • Blockchain
    • Highlighted
    • The TravelDesk
      • TravelMedia
      • Sporting Tours
      • Holidays Tours Events + More
      • Airfares
      • Travel Enquiry Form
      • TravelBits
    • Travel Updates
    • The MSC TravelDesk Newsreel
    • Travel Talk
    • Travel Time
    • The Bottom Line
    • Regional News
    • News to Run Advice Form
    • World News
    • NewsDIRECT
    • MSCVoxPops
    • Press Releases
  • National Press Club
  • Contact Us

NZ Super Fund takes 27 percent stake in NZ Gourmet

  • font size decrease font size decrease font size increase font size increase font size
  • Print
  • Email

The NZ Super Fund has invested in international fresh fruit and vegetable grower and marketer NZ Gourmet (www.nzgourmet.net), taking a 27% stake in the company for an undisclosed price.

Founded in 1982 by brothers Paul, Chris and Tony Martin and father John Martin, NZ Gourmet produces and markets high quality fresh produce including capsicums, blueberries, asparagus, tomatoes, strawberries and cherries. It has customers around the world and operations in New Zealand, the United States, Australia, Mexico, Peru and Ecuador.

The US subsidiary, Gourmet Trading Company (www.gourmettrading.net), specializes in fresh Asparagus and Blueberries, with continual investment and management of their own farms in South America, Mexico and the US; and strong grower relationships from both North and South America. The combination of company owned farms and contracted growers enables the US operation to provide their customers with top quality products year round.

NZ Super Fund Acting Chief Investment Officer Mark Fennell said: “NZ Gourmet is a Kiwi success story and we look forward to partnering with the company as it continues to expand internationally.”

“Our decision to invest in NZ Gourmet, and our confidence in its long-term prospects, is backed by growing global demand for fresh fruit and vegetables and an increasing focus by consumers on health and wellness.”

“We are delighted to have found another world class investment for the NZ Super Fund in New Zealand.”

NZ Gourmet CEO Paul Martin said: “NZ Gourmet approached the NZ Super Fund because we were interested in partnering with a New Zealand investor with a long-term outlook. We will use the new capital to support our continued growth and expansion both domestically and offshore. This is a positive step forward for NZ Gourmet’s future and we look forward to a long and successful partnership with the NZ Super Fund.”

NZ Gourmet is one of the largest fresh blueberry exporters and capsicum producers in New Zealand. NZ Gourmet and its US subsidiary Gourmet Trading Company supply leading retailers in North America, Asia and Australasia.

Mr Martin will remain as CEO.

Mr Martin acknowledges the support of NZ Gourmet’s employees and joint venture partners including Tuaropaki Trust and The Hauhungaroa Partnership.

 

  • Source: http://www.freshplaza.com/article/197490/NZ-Super-Fund-takes-27-percent-stake-in-NZ-Gourmet
Published in BUSINESS
Tagged under
  • Business
  • news talk
  • Horticulture

Related items

  • Sir Bill English to be honoured by Victoria University of Wellington
  • Higher bank capital better for banking system and NZ
  • Plastics industry helps designers create easy-to-recycle packaging
  • Great Barrier unhappy with Auckland’s marine sludge plan
  • XE Update Friday 30 November, 2018
More in this category: « Steel & Tube gains waiver from lenders after writedowns led to covenant breach Closing the gender pay gap in the state sector boosted by new Principles »
back to top
Aug 08, 2018

Seeka to invest $18M in Northland post harvest business

in HORTICULTURE
Apr 19, 2018

Scales hunts for NZ agribusiness acquisitions to fit with apple export business

in HORTICULTURE
Aug 14, 2018

High Court Date Set For Judicial Review

in HORTICULTURE
Aug 14, 2018

BayWa reports green figures, but not thanks to German apples

in HORTICULTURE
Jun 27, 2018

Iwi collective beats out foreign bidders to buy 100ha of Te Puke kiwifruit orchards

in HORTICULTURE
May 03, 2018

Over 1000 economists sign letter warning Trump of second Great Depression

in WORLD
Jun 05, 2018

Govt axed offshore oil and gas sector with no Cabinet paper, minimal analysis

in ENERGY
Aug 07, 2018

Insight: Water - Who Pays?

in ENVIRONMENT

MSC NewsWire is a gathering place for information on the productive sector in New Zealand focusing on Manufacturing, Productive Engineering and Process Manufacturing

  • Home
  • Global Presswire
  • Industry Organisations
  • National Press Club
  • Disclaimer
  • About Us
  • Pricing
  • Sitemap
Copyright © 2022 MSC NewsWire. All Rights Reserved.
Site Built & Hosted by iSystems Limited
Top
page2