Total investment and divestment activity across all investment stages increased to $4.3b in 2021, up from $2.5b in 2020, according to EY’s New Zealand Private Capital Monitor.
“We’re right behind Coffee Supreme’s current growth plans,” says the PE firm, which has added the business to its growing F&B portfolio.
The global freight giant is building its first cold storage facility in NZ on the back of strong demand from food exporters and importers.
There were 45 M&A deals announced or completed in the first three months of the year, according to PwC’s latest quarterly update, compared with just 11 for the same period last year.
A “strong track record of growth” is to continue at the bakery brand under the PE firm’s new ownership.
Private equity firm Rangatira Investments has seen its net asset value climb from $14.87 last year to $16.27 in the year to March 2022, reflecting a portfolio valuation of $288m.
The snack company is looking for investors to unlock plans to quadruple revenue over the next three years.
The oil extraction technology will be trialled with green-lipped mussel and cannabis manufacturers.
Southern Lamb Investments has closed its full takeover offer of Blue Sky Meats Limited, with acceptances received for 74.87% of the meat processor’s shares.
New Zealand King Salmon has closed its $60.1m underwritten 2.85 for 1 pro rata rights offer.
The government is investing $110.9m as part of Budget 2022 to protect the primary sector from biosecurity threats and continue its Mycoplasma Bovis eradication.
An eight-month project to explore the bioactive properties of Aotearoa cherries to better understand their potential health benefits has attracted research funding and is now underway.
“It gives us about five times the footprint and capacity… and that matches our ambitions for 180 Degrees,” says NZ country manager Mike Cullerne.
A Covid-induced strategy reset has seen cider company Zeffer put New Zealand and Australia at the centre of its plan to triple the size of the business in the next three years.
Food & beverage comprised just 4% of the $257.5m invested in early stage investment in New Zealand in 2021, according to a new report.
The company is hitting up new and existing investors in a fresh fundraising, as it secures a major new account for its 0% cider in Australia.
The Auckland independent grocery chain will use the investment to expand its network, as well as upgrade existing properties.
New Zealand King Salmon has opened its $60.1m underwritten pro rata 2.85 for 1 rights offer – the proceeds of which will be used to deleverage its balance sheet and improve liquidity.
The government is investing $7.44m to help New Zealand’s apple industry become a world leader in sustainable production practices.
Alternative protein trends could promote a global transformation in the seafood industry, according to GFI.
Romano’s Food Group is aiming to complete the rebuild of its Christchurch pizza factory by the last quarter of the year.
Alongside the capital raise, the company is making structural changes to its farming model, slashing costs and shedding jobs.
The company says it will make a “material announcement regarding its full year results and a potential cap raise”.
The iwi-controlled entity makes its first foray into aquaculture as part of a jv with private equity.
Investors include Rocket Lab-backer Khosla Ventures, a new Ngāi Tahu vehicle, and Kiwi-born US-based NBA star Steven Adams.
The online grocery challenger is looking for more backers after strong growth in members and revenue over the last quarter.
The Nelson nut butter company is throwing its support behind a Plant and Food Research-led feasibility study to see if almonds can be grown sustainably in Hawke’s Bay.
New Zealand based agri-tech company Bluelab has acquired automation company Autogrow as part of a global strategy to expand operations into new territories and increase its range of technology offerings to customers.
Proper Snack Foods GM Andy Leonard says challenging shipping and rising costs provided extra motivation to establish manufacturing across the ditch.
New Zealand Coastal Seafoods Limited is raising $1.5m from new and existing shareholders.
Independent directors and advisers say Southern Lamb’s $3 offer price falls short of recognising the full value of the Southland meat processor.
Southern Lamb Investments’ takeover offer of Blue Sky Pastures has gone unconditional after receiving more than 50% share acceptances.
The High-Value Nutrition National Science Challenge is contributing $980,000 into a Plant & Food Research led programme looking at native honey and what appeals to consumers.
The Queensland factory recognises the growth Frucor Suntory believes is possible, says boss Darren Fullerton.
The completion of Auckland pub group Good Spirits Hospitality’s conditional takeover of restaurant owner Nourish Group has been delayed until Q2.
Investments in ventures like Raglan Food Co and Sustainable Foods are a vote of confidence in New Zealand’s burgeoning plant-based sector.
Pioneer brings capital and connections to support Raglan Food’s vision to be leader in plant-based products.
Alternative protein player Sustainable Foods has closed its capital raise reaching a total of $2.15m.
The Ministry for Primary Industries Sustainable Food and Fibre Futures fund is contributing $493,500 to a $823,500 research programme to create a digital farm environment plan.
An investor takes a multimillion-dollar majority stake in Sebastian Walter and Latesha Randall’s plant-based venture.
Mt Cook Alpine Salmon’s quarterly auction has gone live on Catalist .
The ingredient supplier dodged supply chain disruption to pick up foodservice and industrial clients left in the lurch.
Gallagher and the Royal Barenbrug Group have backed Christchurch-based agritech firm Farmote Systems.
The government has entered the mussel hatchery business acquiring equity in an iwi-run venture and committing up to $6m.
The venture uses molecular farming technology to cut the cows out of protein production.
The project will provide Southern Fresh with year-round production of baby leaf salads, herbs, and vegetables.
Auckland-headquartered international coffee chain Cooks Global Foods has issued 80,989,340 new shares at 3 cents each totalling $2.43m following a shortfall from its rights issue last year.
The healthcare and wellness company has had to turn to its investors for cash after being surprised by inventory levels after its acquisition of King Honey.
Australian fuel retailer Ampol has been cleared by the Commerce Commission for its $2bn purchase of Z Energy.
The QSR franchise has used the pandemic to validate new food concepts, and is now working up a plan for a bricks and mortar rollout.
The current shareholders will be able to cash out of the company, currently generating nearly $40m in revenue, via the new capital platform.
The innovative beverage maker plans to push up its valuation ahead of dusting off a delayed $5m capital raise.
About $1m is being invested into a land-based seaweed trial beside the Firth of Thames wetland.
Eat New Zealand has secured up to $275,000 of government funding to support its multi-day Feast Matariki festival.
A $30m capex requirement and a desire for long-term sustainability are the motivations for Blue Sky Pastures investors Scott O’Donnell and Andrew Lowe to launch their takeover offer.
The company is looking for investment to scale-up production of its home compostable packaging.
A flurry of F&B-related takeovers were recorded in the final quarter of 2021, closing out a record year for mergers and acquisitions in New Zealand, according to PwC.
The entrepreneur is hoping for a “table-thumping” final report on Tuesday, paving the way for a third major player in NZ’s $22bn grocery sector.
Economist Cameron Bagrie rejects the argument that New Zealand’s credit rating could be hurt if the supermarket giants are forced to divest.
SeaDragon has secured a new loan agreement of $500,000 from majority shareholder Pescado Holdings, as well as pushing out the repayment date of an existing loan facility.
The sheep milk company is looking to diversify from its heavy reliance on the Chinese market, with the US, Japan and Singapore in its sights.
GM Matt Williams says the company is eyeing a fundraise to fuel expansion and help satisfy the double-digit sales growth of its premium bars.
The avocado oil producer’s acquisition commercialises its waste-stream and provides an export opportunity to boot.
Me Today Group has called a special meeting for Friday 18 March to seek approval from shareholders for a $6m placement of additional share capital.
Fonterra is to operate New Zealand’s first electric 46T milk tanker.
The company says it wants to consolidate ownership of the mānuka honey sector to generate operating leverage and drive “higher category standards”.
Derek Handley’s climate tech firm Aera VC has raised US$30m to invest in startups tackling sustainability across all sectors including food.
Halfback TJ Perenara makes a “significant and material” investment in the plant-based business.
Waikato-based Ngāti Hauā Iwi Trust is to receive more that $2m to develop a new horticultural programme and education hub.
The Nelson nut butter business looks to new SKUs and overseas expansion in its hunt for further growth.
The investor expands its new mānuka honey platform with the addition of a second business.
Freightways is investing $40m into a new Waikato cold store to meet growing demand for its fresh and frozen logistics business.
Alcohol is driving the West Auckland kombucha maker’s sales, as it eyes expansion overseas and a potential capital raise.
Fast-food and tetra pak cartons destined for the landfill are being converted into building supplies, thanks to Freightways investment.
Logistics providers are tapping into a global shift away by FMCG from a ‘just-in-time’ towards a ‘just-in-case’.
A major horticulture project is underway in northern Hawke’s Bay to lift the productivity of Maori-owned land.
The Commerce Commission is considering an application by Life Health Foods NZ to purchase 100% of meat alternative manufacturer Chalmers Organics.
The purchased business will be consolidated into Service Foods’ new $36m Trentham DC.
A multi-million-dollar investment is to look at how hemp can be made into food packaging and other innovations.
The current backers are seeking fresh investment to bring forward plans for an Aquaculture Centre of Excellence in the deep south.
Seeka has completed its acquisition of Gisborne-based New Zealand Fruits in a deal that values the latter at $21m.
The Warehouse founder’s venture capital fund backs NZ ventures seeking global exposure.
Capital raising for food and beverage ventures on crowdfunding platform Snowball Effect fell to $4.7m in 2021, down 65% on the $13.3m raised in 2020.
Bostock has partnered with Milford Private Equity to grow and market a South Island organic apple variety to overseas customers.
Proposed Rolleston development could add a fifth DC to Countdown’s national network, with focus on fresh and perishable product lines.
Healthcare and animal care company Ebos Group says it has successfully raised $674m from existing and new investors across New Zealand, Australia and further afield.
The world’s most powerful investors urge the global food industry to produce healthier products.
The government is investing nearly $2m into a $5m commercial regenerative seaweed farming pilot that aims to provide proof-of-concept for commercial scale production.
NZX-listed international coffee chain Cooks Global Foods has set a price of 3 cents a share for a rights issue, which is targeting $8m to restructure its balance sheet.
The SOE targets the healthy ageing category for the longterm commercial success of its ‘world first’ product.
Nut butter baron Pic Picot is pushing ahead with his mission to develop homegrown peanuts by bringing forward a project to support marketing opportunities for the spread.
The Auckland craft beer business says it is making a multi-million dollar investment into its brewery and scaling up staff numbers.
The Lewis Road founder says his new advisory firm is looking to work with F&B founders with a global proposition – often in exchange for a stake.
Burger Fuel signals a holding pattern while UK-heavy CGF rides the first wave of the global recovery.
The purpose-led company commits to being a customer of New Zealand’s first purpose-built oat milk processing factory.
New Zealand beauty and supplement company Jeuneora has closed its capital raise after hitting its maximum target of $3.5m.
The salad supplier grapples with increasing costs and conducts a review of margins to ensure acceptable returns.
A handful of heavyweight FMCG deals support a record quarter of M&A activity according to PwC.
The plant-based giant arrives in NZ and tells the Ticker how it plans to make an impact on the market.
The funds will be ploughed into scale-up for a US foodservice launch of animal-free mozzarella next year.
CEO Kevin Bowler tells the Ticker what he’s looking for in any acquisition – and it may not have to be in food.
The apple exporter seeks capital to invest in meeting global demand for its Jazz and Envy apples.
The pilot project aims to enable locally grown hemp food products to compete with imported goods.
The 12-month programme provides access to Countdown’s customer marketing and insights teams, as well as product development and manufacturing support.
UK-based non-alcoholic spirits brand Lyre’s says its distribution growth in New Zealand is continuing to cater for increased demand. The beverage maker’s products can be found in Countdown, New World, Farro MORE »
The FMCG investor says it backs brands with a point of difference and potential to scale.
The Dunedin chocolate maker plans to boost production and sales, and launch a new entry product to help it expand north following a $500k capital raise.
Milford Asset Management has increased its holdings in meal kit company My Food Bag to 8.79%.
The Auckland pub group gobbles up Nourish in a “transformational growth opportunity” creating one of New Zealand’s largest hospitality operators.
New Zealand’s signing of the US/EU Global Methane Pledge at COP26 could become a “massive structural risk to our food and fibre sector,” says KPMG’s Ian Proudfoot.
New Zealand food and beverage startups managed to secure about $3.7m in early stage investment during the first half of 2021.
US consumers are a big focus for the dairy company’s increased volumes, and the UK is on the agenda thanks to the proposed FTA.
The New Zealand Truffle Company says it is pleased with interest from both NZ and overseas and is targeting mid-December to complete its capital raise.
The Mother Earth owner says its acquisition of Sunsol and Lucky is a “leap forward” in a key international market for the Hamilton-based business.
New Zealand’s largest kiwifruit grower says it has negotiated an increased debt facility of $190m, up from $152m.
Australian petrol company Ampol has applied for Commerce Commission approval for its $2bn purchase of Z Energy.
Functional beverage startup Little Elephant Tonics is seeking up to $230,000 in capital to help fund exports to the US and Australia.
Omega fish oils refiner SeaDragon says it has signed a new secured loan agreement of up to $1.5m with its majority shareholder, Pescado Holdings.
The produce giant will use the cash to fuel its growth strategy, as it faces a profit squeeze from Covid-19.
New entrants, existing players and would-be investors are all wary of the power wielded by the grocery duopoly, the Commerce Commission hears.
Onions New Zealand says the government’s commitment to invest $2.83m to enhance the competitive advantage of the country’s onions producers will help transform the industry.
FGC says NZ’s highly concentrated market means conflicts of interests are amplified but supermarket groups argue private labels are critical for budget consumers.
The winemaker is bringing forward a multi-million dollar investment into its low and no alcohol range, which has raced ahead of sales forecasts.
The hemp meat trailblazer is looking to drive growth both here and overseas.
The latest deal sees Freightways expand its grip over the express chilled and frozen food transport sector following 2020’s Big Chill purchase.
Z Energy’s portfolio of 481 New Zealand petrol stations is set to go into new ownership after a $2bn takeover offer from Australian petrol company was recommended by its board of directors.
Chapman Tripp has confirmed that Christchurch investment group the South Island Office paid A$95m ($100.25m) to buy dessert company Sara Lee from McCain Foods.
Law firm Simpson Grierson’s latest M&A report puts a value of US$1.057bn on FountainVest Partners’ purchase of NZ pet food company Ziwi Peak – the third largest New Zealand deal this year.
An A$45m (NZ$47.7m) investment into innovation over the past 15 years in Australasia has seen cereal and snack company Kellogg New Zealand remove more than 700 tonnes of sugar and 300 tonnes of salt from their foods.
The Gisborne business is pumping millions into its pilot undercover growing project to test the environmental and productivity gains it can unlock.
Foley Wines has lined up the purchase of a 55.5-hectare Central Otago pinot noir vineyard to supply grapes to its Mt Difficulty Roaring Meg brand.
Investor and customer interest is being lined up for the $50m Southland oat milk factory, keeping it on track for a 2022 opening.
Auckland’s The Kefir Co and Christchurch’s Badass Brownies are looking for funds via crowdfunding platform PledgeMe.
A close-to million dollar investment into a new canning line releases a packaging bottle neck and opens up contract manufacturing opportunities.
The head of the US giant’s Kiwi business on its $45m investment in innovation, supply chain ‘whack-a-mole’, and is she applying for Kellogg’s top ANZ job?
Meadow Mushrooms, Talley’s and Mataura Valley Milk among latest recipients of $70m GIDI fund.
Franchising drive aims to convert 2% of NZ’s 5,000 convenience stores to Circle K banner.
After a rollercoaster 2020, No Ugly is gearing up for growth undertaking a $2m capital raise as it looks to transition from a functional beverage business to a broader health and wellness company.
Winemaker Delegat Group says it will invest $29.7m in FY22 to provide earnings growth in the years ahead.
A strategy reset will see billions invested in “differentiating NZ milk on the world stage” to drive the co-op up the value chain.
Four months on from its acquisition of 180 Degrees, Arnott’s is dodging Delta disruption and preparing to push the premium cracker brand.
The sale to the Chinese private equity firm provides the pet food business with access to capital and global market intelligence.
Chinese private equity players FountainVest and Boyu have been linked to $1bn-plus bids for Ziwi.
Countdown is set to build a 3,490 square metre green star-rated supermarket in a 3.4-hectare residential development in Halswell, Christchurch – the supermarket chain’s largest development to date.
Three Sisters Brewery is looking to raise $1.5m to help boost production capacity tenfold, expand its retail network and enter the Australian market.
A three year project to rebuild FSNI’s supply chain was delivered just in time for Delta, and sets the co-op up for an increasingly digital future.
The government’s Sustainable Food and Fibre Futures fund is contributing $2.6m towards a $5m project to develop a commercial-scale autonomous robotic asparagus harvester.
The foodtech startup is moving from a successful trial with Fonterra to one with US dairy company Valley Queen Cheese.
Beverage business Lion New Zealand has been fined $10,000 for breaching the Overseas Investment Act when it bought a South Island leasehold farm in 2017.
Ngāi Tahu Holdings CEO Mike Pohio says the iwi-controlled entity remains on the lookout for food investments following its $38m buy-up of Sanford shares.
The plant-based milk business will ring-fence 1% of sales revenue to invest into making oats a “viable and exciting” alternative for farmers to grow.
Ngāi Tahu Investment now holds a 19.9% stake in seafood company Sanford, making it the largest single shareholder in what is New Zealand’s largest seafood company.
The acquisitive wholesaler is considering bringing in a private investor or an IPO as it looks for long-term capital.
Icehouse Ventures, Hillfarrance Scout Fund and ArcAngels back Christchurch plant-based startup.
Kombucha company Batchwell raised just over $1m in its equity capital raise, exceeding its minimum target of $700,000.
A New Zealand chef who pioneered the development of avocado milk has teamed up with a buttercup squash grower to develop a new plant-milk destined for export markets in Asia.
With deployments in ventures like Rockit and Sunfed, NZ Growth Capital Partners outlines what it looks for in food and agritech.
Co-founders Ali Alomari and Leila Deljkovic are sounding out investors as the startup preps for a commercial pilot in Marlborough.
CEO David Hughes is looking for partners in emerging areas such as orchard automation and urban horticulture.
US food-tech company Ripple Foods collected $549,450 from New Zealand wholesale investors in its oversubscribed $55m fundraising round.
Functional drinks and an expansion out of beverages are all in the mix for the kombucha company currently raising capital.
This startup will seek the funding after trialling its hyperlocal online grocery service in Auckland.
Think you know reusable takeaway coffee cup company Again Again? Think again (again).
Dunedin probiotics firm Blis Technologies has been given access to a raft of new global opportunities after selling a 13% stake to form a strategic partnership with Swedish giant Probi.
Michal Garvey’s Auckland-based food waste startup has signed its first cafes in the capital.
The 12-week accelerator is focused on helping encourage a more diverse supplier base in Aotearoa.
The US plant-based dairy company backed by Goldman Sachs and Prelude Ventures has opened the round to New Zealand wholesale investors.
The brewer is making a big move into the no alcohol beer market, which is says will be worth $25bn globally by 2024.
With global challenges to supply chains, productivity, climate change and food security, New Zealand’s startup ecosystem is responding with new companies emerging, networks deepening and investment broadening.
New Zealand Trade and Enterprise is calling for applications for Te Kōmaru – its annual Māori investment showcase.
The jerky startup has secured funding for a new facility to help more than double production.
Organic small batch Kombucha maker Batchwell has launched a capital raise with funds set to be ploughed into production capability, portfolio expansion and increased sales and marketing.
Described as a milk factory in a box, Happy Cow Milk Company, has today launched its second capital raise as it looks to scale-up its prototype into paddocks and retailers around the country.
A sparkling mead maker, a plant-based food manufacturer, and a probiotic kefir company are among twelve startups selected for Sprout’s accelerator.
The speciality grocer has inked a deal that will see it open its seventh Auckland store, and is close to signing on another.
New Zealand’s largest kiwifruit grower, Seeka, has bought a $2.6m minority stake in hort tech startup Fruitometry.
NZX-listed probiotics firm Blis Technologies said its strategic partnership with Swedish giant Probi will open up “significant growth opportunities” and see the New Zealand firm’s products delivered to new markets around the globe.
Package-free, lifestyle grocery store GoodFor has raised $2.2m of fresh cash, hitting its maximum capital raise target.
Wellington startup Marama Labs is charting a course for global growth after raising $1.25m for its winemaking technology.
Package-free, lifestyle grocery store GoodFor has raised more than $1.8m of capital on fundraising platform Snowball Effect – exceeding its minimum target of $1.7m.
The plant-based startup is seeking investment as it targets annual sales of $1.2m after fielding enquiries from overseas.
A South Island private equity firm is looking for more horticulture investments after finalising and funding a two-part deal which sees it become a major supplier and IP owner in New Zealand’s fruit tree market
The future of meat prices and production are likely to be challenged by the emergence of a cultivated meat sector on track to become a US$25bn global industry by 2030, according to a new report from McKinsey.
New Zealand’s food industry is in a prime position to capitalise on Covid-era export opportunities but must overcome capacity challenges on home soil first.
The TIN New Zealand Agritech Insights Report 2021 details the leading syndicates of angel groups and local venture capital funds underpinning the growing sector.
DMS Progrowers is doubling the size of its existing Te Puke packhouse investing $40m into the project.
Tauranga-based private equity firm Oriens Capital has raised its target of $80m for its second fund.
Food firms like Pic’s Peanut Butter have helped chip in $139m taking total investment to quarter of a billion dollars.
UK plant-based meat maker Meatless Farm has launched a £5m ($9.9m) crowdfunding campaign with retail investors able to buy in for just £10.
Package-free grocery store GoodFor is closing in on the half-way point of its capital raise target after the offer went live to the public this week.
A new stock exchange is to be launched in New Zealand targeting small to medium-sized companies who want to access public investment but are too small to list on the NZX.
South Island Office invests $30m in its first food acquisition and says there are more deals in the pipeline.
A clinical trial that could underpin the development of deer milk as a new industry in New Zealand has secured $244,000 of funding from the HVN Challenge.
Kiwifuit company Seeka has delayed a decision on developing a new packhouse at Pukenga by pledging a $20m upgrade at an existing packhouse.
Food & beverage has proved to be the most popular sector for online investment marketplace Snowball Effect which said close to a third of the first $100m it has raised to date has gone to the innovative sector.
Rockit Global has officially opened its new global headquarters in New Zealand’s Hawke’s Bay, unveiling a a brand refresh at the same time.
Global ingredient company Kerry aims to be at the forefront of taste trends across New Zealand and Australia with the opening of a new multi-million dollar purpose-built food technology and innovation centre in Queensland.
The new online grocery service will be looking for investment within a year, says founder Sarah Balle.
Miniature apple company Rockit Global is ready to cut the red ribbon on its new circa $40m global headquarters following a bumper harvest.
The Singapore-based cultured food startup has reached out to NZ food regulators ahead of its planned product launch.
With even institutional investors wanting green metrics, there has been a convergence of mainstream and impact investment in the agrifoodtech community.
New Zealand virtual fencing startup, Vence, has raised $16m which will help it prepare for its entry into the Australian and US markets.
The CEO says global investor KKR will accelerate the premium pet food firm’s international expansion.
Food as medicine, medicinal plants and food personalisation are all the radar of US agrifood venture capital investor, AgFunder, as categories of opportunity.
MPI is seeking more applicants from the food sector for SFF Futures funding.
Described as the biggest food and fibre event of the year, the Boma NZ Agri Summit kicks-off in Christchurch this morning.
The Ticker sits down with Finistere’s investment manager to find out what NZ opportunities he will be looking for.
Nestlé’s Launch of Wunda pea milk in Europe follows Coca-Cola expanding into oat milk in the US.
Aotearoa risks being left behind by its international peers in the increasingly competitive emerging protein sector.
Southlander Justin Riley returns home to bring forward Great South’s oat initiative.
The deal catapults Australian biscuit giant Arnott’s into NZ’s premium cracker category.
The New Zealand Meat Board is investing some of its reserves into B+L’s genetics research programme.
CEDA boss Linda Stewart on how AgriFood Week supports Manawatu’s ambition to be one of the world’s top three agrihubs by 2025.
The deal sees Pioneer Capital exit and the food company fuelled to grow globally.
Higher margin evidence-based health and wellness products present a huge opportunity to change the value of New Zealand’s agriculture and food sectors.
An investment bank has been appointed to marshal growing investor interest in the $50m Southland venture.
Around 8,000 unique investors took part in more than 9,000 transactions in 2020.
The Rockit Global private equity backer will soon be on the hunt for F&B investments.
The funding will see the functional drink company deep dive into indigenous ingredients.
The vehicle has attracted a $14m commitment from New Zealand Growth Capital Partners.
The project will reduce the factory’s carbon emissions by 7%.
The upgrade of its Levin rendering facility will support the co-op’s drive to capture greater value from products.
A new plant-based ice cream is one of five business start-ups moving through to the final stage of Venture Taranaki’s business accelerator, the PowerUp Ideas Competition.
Seeka’s proposed $60m purchase of rival kiwifruit company Opotiki Packing and Cool Storage would create New Zealand’s largest kiwifruit grower with annual revenue of £300m – but it is far from a done deal.
The government has moved to ban new low to medium temperature coal burners from next year.
The package-free grocery store network is planning to expand.
Annual profit rises to $5.2m, but Covid delays push out development of a new Rolleston factory.
The fast-growing alternative protein market is on track to account for 11% of the global protein market by 2035.
NZ smart cart startup says it has finalised deals with two European retailers.
The plant protein startup secures $8m from MPI for a five-year R&D programme.
The Bay of Plenty-based company is looking to expand its footprint in the kiwifruit sector.
An aggressive growth strategy underpins the kombucha maker’s forecast 325% jump in annual revenue.
The West Coast dairy company will double the capacity of its Hokitika butter manufacturing plant.
The agribusiness confirms it is in the running to buy Villa Maria in what would be its first foray into wine.
Significant investment has set the scene for global demand for insect ingredients, says Rabobank.
Whitebait farming could soon become a reality with a $7m project garnering government support.
Southland’s largest employer is automating its warehouse and using laser guided storage and retrieval systems.
The company is on track to dual list on 5 March with a post-IPO market cap of $449m.