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NZ: Turners & Growers to buy tomato firms for $26m

NZ: Turners & Growers to buy tomato firms for $ 26m

New Zealand’s biggest fresh-produce company, Turners & Growers, is set to grow even larger following the acquisition of two tomato-growing businesses for a combined price of nearly $ 26 million.

But because T&G is largely German-owned (72.5 per cent), the purchase of Great Lake Tomatoes in the Bay of Plenty and Rianto in Waikato is subject to consent from the Overseas Investment Office (OIO).

T&G chief executive Alastair Hulbert said covered crops such as tomatoes had been singled out as a growth opportunity. “These acquisitions enable us to look at further sales opportunities in New Zealand and also our international markets.”

The largest of the acquisitions is for Great Lake Tomatoes, based in Reporoa, Bay of Plenty, which has a 4.9 hectare glasshouse producing about 3000 tonnes of tomatoes annually. The total land being bought is 74.4 hectares, for a total price of $ 17.3m.

Great Lake managing director Ton Zwetsloot said the purchase was good news.

The other purchase is of Rianto, a family owned tomato grower in Ohaupo, which operates a 3.13ha glasshouse producing about 1600 tonnes of tomatoes annually.

The assets being acquired include a residential property and nearly 19ha of land, including the glasshouse. The total purchase price is about $ 8.5m.

Rianto managing director Frank van Rijen has been working with T&G for many years, using its packing and marketing.

An OIO decision on the deals is expected in mid-2015.

Source: stuff.co.nz

Publication date: 12/16/2014


FreshPlaza.com

NZ: Turners & Growers to buy tomato firms for $26m

NZ: Turners & Growers to buy tomato firms for $ 26m

New Zealand’s biggest fresh-produce company, Turners & Growers, is set to grow even larger following the acquisition of two tomato-growing businesses for a combined price of nearly $ 26 million.

But because T&G is largely German-owned (72.5 per cent), the purchase of Great Lake Tomatoes in the Bay of Plenty and Rianto in Waikato is subject to consent from the Overseas Investment Office (OIO).

T&G chief executive Alastair Hulbert said covered crops such as tomatoes had been singled out as a growth opportunity. “These acquisitions enable us to look at further sales opportunities in New Zealand and also our international markets.”

The largest of the acquisitions is for Great Lake Tomatoes, based in Reporoa, Bay of Plenty, which has a 4.9 hectare glasshouse producing about 3000 tonnes of tomatoes annually. The total land being bought is 74.4 hectares, for a total price of $ 17.3m.

Great Lake managing director Ton Zwetsloot said the purchase was good news.

The other purchase is of Rianto, a family owned tomato grower in Ohaupo, which operates a 3.13ha glasshouse producing about 1600 tonnes of tomatoes annually.

The assets being acquired include a residential property and nearly 19ha of land, including the glasshouse. The total purchase price is about $ 8.5m.

Rianto managing director Frank van Rijen has been working with T&G for many years, using its packing and marketing.

An OIO decision on the deals is expected in mid-2015.

Source: stuff.co.nz

Publication date: 12/16/2014


FreshPlaza.com

NZ: Turners & Growers to buy tomato firms for $26m

NZ: Turners & Growers to buy tomato firms for $ 26m

New Zealand’s biggest fresh-produce company, Turners & Growers, is set to grow even larger following the acquisition of two tomato-growing businesses for a combined price of nearly $ 26 million.

But because T&G is largely German-owned (72.5 per cent), the purchase of Great Lake Tomatoes in the Bay of Plenty and Rianto in Waikato is subject to consent from the Overseas Investment Office (OIO).

T&G chief executive Alastair Hulbert said covered crops such as tomatoes had been singled out as a growth opportunity. “These acquisitions enable us to look at further sales opportunities in New Zealand and also our international markets.”

The largest of the acquisitions is for Great Lake Tomatoes, based in Reporoa, Bay of Plenty, which has a 4.9 hectare glasshouse producing about 3000 tonnes of tomatoes annually. The total land being bought is 74.4 hectares, for a total price of $ 17.3m.

Great Lake managing director Ton Zwetsloot said the purchase was good news.

The other purchase is of Rianto, a family owned tomato grower in Ohaupo, which operates a 3.13ha glasshouse producing about 1600 tonnes of tomatoes annually.

The assets being acquired include a residential property and nearly 19ha of land, including the glasshouse. The total purchase price is about $ 8.5m.

Rianto managing director Frank van Rijen has been working with T&G for many years, using its packing and marketing.

An OIO decision on the deals is expected in mid-2015.

Source: stuff.co.nz

Publication date: 12/16/2014


FreshPlaza.com

NZ: Turners & Growers to buy tomato firms for $26m

NZ: Turners & Growers to buy tomato firms for $ 26m

New Zealand’s biggest fresh-produce company, Turners & Growers, is set to grow even larger following the acquisition of two tomato-growing businesses for a combined price of nearly $ 26 million.

But because T&G is largely German-owned (72.5 per cent), the purchase of Great Lake Tomatoes in the Bay of Plenty and Rianto in Waikato is subject to consent from the Overseas Investment Office (OIO).

T&G chief executive Alastair Hulbert said covered crops such as tomatoes had been singled out as a growth opportunity. “These acquisitions enable us to look at further sales opportunities in New Zealand and also our international markets.”

The largest of the acquisitions is for Great Lake Tomatoes, based in Reporoa, Bay of Plenty, which has a 4.9 hectare glasshouse producing about 3000 tonnes of tomatoes annually. The total land being bought is 74.4 hectares, for a total price of $ 17.3m.

Great Lake managing director Ton Zwetsloot said the purchase was good news.

The other purchase is of Rianto, a family owned tomato grower in Ohaupo, which operates a 3.13ha glasshouse producing about 1600 tonnes of tomatoes annually.

The assets being acquired include a residential property and nearly 19ha of land, including the glasshouse. The total purchase price is about $ 8.5m.

Rianto managing director Frank van Rijen has been working with T&G for many years, using its packing and marketing.

An OIO decision on the deals is expected in mid-2015.

Source: stuff.co.nz

Publication date: 12/16/2014


FreshPlaza.com

NZ: Turners & Growers to buy tomato firms for $26m

NZ: Turners & Growers to buy tomato firms for $ 26m

New Zealand’s biggest fresh-produce company, Turners & Growers, is set to grow even larger following the acquisition of two tomato-growing businesses for a combined price of nearly $ 26 million.

But because T&G is largely German-owned (72.5 per cent), the purchase of Great Lake Tomatoes in the Bay of Plenty and Rianto in Waikato is subject to consent from the Overseas Investment Office (OIO).

T&G chief executive Alastair Hulbert said covered crops such as tomatoes had been singled out as a growth opportunity. “These acquisitions enable us to look at further sales opportunities in New Zealand and also our international markets.”

The largest of the acquisitions is for Great Lake Tomatoes, based in Reporoa, Bay of Plenty, which has a 4.9 hectare glasshouse producing about 3000 tonnes of tomatoes annually. The total land being bought is 74.4 hectares, for a total price of $ 17.3m.

Great Lake managing director Ton Zwetsloot said the purchase was good news.

The other purchase is of Rianto, a family owned tomato grower in Ohaupo, which operates a 3.13ha glasshouse producing about 1600 tonnes of tomatoes annually.

The assets being acquired include a residential property and nearly 19ha of land, including the glasshouse. The total purchase price is about $ 8.5m.

Rianto managing director Frank van Rijen has been working with T&G for many years, using its packing and marketing.

An OIO decision on the deals is expected in mid-2015.

Source: stuff.co.nz

Publication date: 12/16/2014


FreshPlaza.com

NZ: Turners & Growers to buy tomato firms for $26m

NZ: Turners & Growers to buy tomato firms for $ 26m

New Zealand’s biggest fresh-produce company, Turners & Growers, is set to grow even larger following the acquisition of two tomato-growing businesses for a combined price of nearly $ 26 million.

But because T&G is largely German-owned (72.5 per cent), the purchase of Great Lake Tomatoes in the Bay of Plenty and Rianto in Waikato is subject to consent from the Overseas Investment Office (OIO).

T&G chief executive Alastair Hulbert said covered crops such as tomatoes had been singled out as a growth opportunity. “These acquisitions enable us to look at further sales opportunities in New Zealand and also our international markets.”

The largest of the acquisitions is for Great Lake Tomatoes, based in Reporoa, Bay of Plenty, which has a 4.9 hectare glasshouse producing about 3000 tonnes of tomatoes annually. The total land being bought is 74.4 hectares, for a total price of $ 17.3m.

Great Lake managing director Ton Zwetsloot said the purchase was good news.

The other purchase is of Rianto, a family owned tomato grower in Ohaupo, which operates a 3.13ha glasshouse producing about 1600 tonnes of tomatoes annually.

The assets being acquired include a residential property and nearly 19ha of land, including the glasshouse. The total purchase price is about $ 8.5m.

Rianto managing director Frank van Rijen has been working with T&G for many years, using its packing and marketing.

An OIO decision on the deals is expected in mid-2015.

Source: stuff.co.nz

Publication date: 12/16/2014


FreshPlaza.com

NZ: Turners & Growers to buy tomato firms for $26m

NZ: Turners & Growers to buy tomato firms for $ 26m

New Zealand’s biggest fresh-produce company, Turners & Growers, is set to grow even larger following the acquisition of two tomato-growing businesses for a combined price of nearly $ 26 million.

But because T&G is largely German-owned (72.5 per cent), the purchase of Great Lake Tomatoes in the Bay of Plenty and Rianto in Waikato is subject to consent from the Overseas Investment Office (OIO).

T&G chief executive Alastair Hulbert said covered crops such as tomatoes had been singled out as a growth opportunity. “These acquisitions enable us to look at further sales opportunities in New Zealand and also our international markets.”

The largest of the acquisitions is for Great Lake Tomatoes, based in Reporoa, Bay of Plenty, which has a 4.9 hectare glasshouse producing about 3000 tonnes of tomatoes annually. The total land being bought is 74.4 hectares, for a total price of $ 17.3m.

Great Lake managing director Ton Zwetsloot said the purchase was good news.

The other purchase is of Rianto, a family owned tomato grower in Ohaupo, which operates a 3.13ha glasshouse producing about 1600 tonnes of tomatoes annually.

The assets being acquired include a residential property and nearly 19ha of land, including the glasshouse. The total purchase price is about $ 8.5m.

Rianto managing director Frank van Rijen has been working with T&G for many years, using its packing and marketing.

An OIO decision on the deals is expected in mid-2015.

Source: stuff.co.nz

Publication date: 12/16/2014


FreshPlaza.com

A new look for the Turners & Growers brand

A new look for the Turners & Growers brand

Turners & Growers, the global grower, distributor and exporter of fresh produce, has today launched a refreshed corporate brand that signals a positive change and reflects the new direction of the company.

With 117 years of history, the company took careful consideration ensuring the heritage was retained, while acknowledging the growth of the business outside of New Zealand, and the new strategies for the future.

“In the past eight months we have created a new Purpose, new Mission, new Strategies, and new company Mindset (Values) – all with the help of our own people. By refreshing our brand we bring together all of that work under a strong new banner to unify our entire business,” says T&G Chief Executive Alastair Hulbert.

Global Marketing Manager Rosstan Mazey has been the driving force behind the corporate rebrand and sees it as an opportunity to simplify the business while strengthening the company’s position in the industry.

One significant but simple change is the move away from the full name ‘Turners & Growers’ for the subsidiaries and business units, to the shortened initials ‘T&G’.

“T&G is the term we use every day throughout our business and what many of our growers and customers use as well, so it makes sense to change the brand to the shortened form. We have a long history in the industry which we are very proud of so we didn’t want to completely change our brand – but are also focused on the next 100 years,” says Global Marketing Manager Rosstan Mazey.

“We have retained the importance of the ‘ampersand’ symbol that signifies the strong relationships we have within the industry, the koru style gives a nod to our New Zealand roots and the leaf signals our fresh produce business and growth aspirations.”

With over 30 companies and brands within the T&G Group, the refresh is an opportunity to simplify the business and move closer to one organisation. The new T&G brand name will be incorporated across the majority of divisions including ENZA (in New Zealand) which will become T&G Pipfruit and Status Produce (tomatoes) will become T&G Covered Crops.

The refresh will take approximately six to nine months and will roll-out across 30 sites involving signage, vehicles, uniforms, websites and other areas where the brand has a strong presence.

“It’s a great time to be part of T&G. Our people are excited and these changes will build a strong unified team and brand that will take us into the future,” says Mr Mazey.

Publication date: 9/24/2014


FreshPlaza.com

A new look for the Turners & Growers brand

A new look for the Turners & Growers brand

Turners & Growers, the global grower, distributor and exporter of fresh produce, has today launched a refreshed corporate brand that signals a positive change and reflects the new direction of the company.

With 117 years of history, the company took careful consideration ensuring the heritage was retained, while acknowledging the growth of the business outside of New Zealand, and the new strategies for the future.

“In the past eight months we have created a new Purpose, new Mission, new Strategies, and new company Mindset (Values) – all with the help of our own people. By refreshing our brand we bring together all of that work under a strong new banner to unify our entire business,” says T&G Chief Executive Alastair Hulbert.

Global Marketing Manager Rosstan Mazey has been the driving force behind the corporate rebrand and sees it as an opportunity to simplify the business while strengthening the company’s position in the industry.

One significant but simple change is the move away from the full name ‘Turners & Growers’ for the subsidiaries and business units, to the shortened initials ‘T&G’.

“T&G is the term we use every day throughout our business and what many of our growers and customers use as well, so it makes sense to change the brand to the shortened form. We have a long history in the industry which we are very proud of so we didn’t want to completely change our brand – but are also focused on the next 100 years,” says Global Marketing Manager Rosstan Mazey.

“We have retained the importance of the ‘ampersand’ symbol that signifies the strong relationships we have within the industry, the koru style gives a nod to our New Zealand roots and the leaf signals our fresh produce business and growth aspirations.”

With over 30 companies and brands within the T&G Group, the refresh is an opportunity to simplify the business and move closer to one organisation. The new T&G brand name will be incorporated across the majority of divisions including ENZA (in New Zealand) which will become T&G Pipfruit and Status Produce (tomatoes) will become T&G Covered Crops.

The refresh will take approximately six to nine months and will roll-out across 30 sites involving signage, vehicles, uniforms, websites and other areas where the brand has a strong presence.

“It’s a great time to be part of T&G. Our people are excited and these changes will build a strong unified team and brand that will take us into the future,” says Mr Mazey.

Publication date: 9/24/2014


FreshPlaza.com

A new look for the Turners & Growers brand

A new look for the Turners & Growers brand

Turners & Growers, the global grower, distributor and exporter of fresh produce, has today launched a refreshed corporate brand that signals a positive change and reflects the new direction of the company.

With 117 years of history, the company took careful consideration ensuring the heritage was retained, while acknowledging the growth of the business outside of New Zealand, and the new strategies for the future.

“In the past eight months we have created a new Purpose, new Mission, new Strategies, and new company Mindset (Values) – all with the help of our own people. By refreshing our brand we bring together all of that work under a strong new banner to unify our entire business,” says T&G Chief Executive Alastair Hulbert.

Global Marketing Manager Rosstan Mazey has been the driving force behind the corporate rebrand and sees it as an opportunity to simplify the business while strengthening the company’s position in the industry.

One significant but simple change is the move away from the full name ‘Turners & Growers’ for the subsidiaries and business units, to the shortened initials ‘T&G’.

“T&G is the term we use every day throughout our business and what many of our growers and customers use as well, so it makes sense to change the brand to the shortened form. We have a long history in the industry which we are very proud of so we didn’t want to completely change our brand – but are also focused on the next 100 years,” says Global Marketing Manager Rosstan Mazey.

“We have retained the importance of the ‘ampersand’ symbol that signifies the strong relationships we have within the industry, the koru style gives a nod to our New Zealand roots and the leaf signals our fresh produce business and growth aspirations.”

With over 30 companies and brands within the T&G Group, the refresh is an opportunity to simplify the business and move closer to one organisation. The new T&G brand name will be incorporated across the majority of divisions including ENZA (in New Zealand) which will become T&G Pipfruit and Status Produce (tomatoes) will become T&G Covered Crops.

The refresh will take approximately six to nine months and will roll-out across 30 sites involving signage, vehicles, uniforms, websites and other areas where the brand has a strong presence.

“It’s a great time to be part of T&G. Our people are excited and these changes will build a strong unified team and brand that will take us into the future,” says Mr Mazey.

Publication date: 9/24/2014


FreshPlaza.com

Turners & Growers hikes first half profit

Turners & Growers hikes first half profit

Turners & Growers, the fruit marketer controlled by Germany’s BayWa, more than doubled first-half profit as its export business reaped bigger sales from North America.

Net profit gained to $ 17.8 million, or 14.2 cents per share, in the six months ended June 30, from $ 7.1 million, or 4.7 cents, a year earlier, the Auckland-based company said in a statement.

Sales rose 9.4 percent to $ 369 million, led by a 15 percent gain in export sales to $ 213.6 million.

Source: tvnz.co.nz

Publication date: 8/8/2013


FreshPlaza.com

Turners & Growers hikes first half profit

Turners & Growers hikes first half profit

Turners & Growers, the fruit marketer controlled by Germany’s BayWa, more than doubled first-half profit as its export business reaped bigger sales from North America.

Net profit gained to $ 17.8 million, or 14.2 cents per share, in the six months ended June 30, from $ 7.1 million, or 4.7 cents, a year earlier, the Auckland-based company said in a statement.

Sales rose 9.4 percent to $ 369 million, led by a 15 percent gain in export sales to $ 213.6 million.

Source: tvnz.co.nz

Publication date: 8/8/2013


FreshPlaza.com