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Saturday 21 May 2022

Investment

PE, VC activity at record level in 2021 – EY
20 May 2022   /

PE, VC activity at record level in 2021 – EY

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.


Pioneer brews up Coffee Supreme deal

Pioneer brews up Coffee Supreme deal

“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.


Maersk moves into cold store with new Waikato development
18 May 2022   /

Maersk moves into cold store with new Waikato development

The global freight giant is building its first cold storage facility in NZ on the back of strong demand from food exporters and importers.


M&A off to solid start in Q1 – PwC
18 May 2022   /

M&A off to solid start in Q1 – PwC

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.


Founders flip Marcel’s Pancakes to Oriens Capital
17 May 2022   /

Founders flip Marcel’s Pancakes to Oriens Capital

A “strong track record of growth” is to continue at the bakery brand under the PE firm’s new ownership.


Kiwifruit values help buoy Rangatira NAV
17 May 2022   /

Kiwifruit values help buoy Rangatira NAV

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.


Nibblish looks for $4.25m to fast-track growth
16 May 2022   /

Nibblish looks for $4.25m to fast-track growth

The snack company is looking for investors to unlock plans to quadruple revenue over the next three years.


NZ foodtech startup lands $1.25m from Pacific Channel VC
13 May 2022   /

NZ foodtech startup lands $1.25m from Pacific Channel VC

The oil extraction technology will be trialled with green-lipped mussel and cannabis manufacturers.


Southern Lamb secures nearly 75% of Blue Sky shares
13 May 2022  

Southern Lamb secures nearly 75% of Blue Sky shares

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.


NZ King Salmon raises $50m, allocates shortfall
10 May 2022   /

NZ King Salmon raises $50m, allocates shortfall

New Zealand King Salmon has closed its $60.1m underwritten 2.85 for 1 pro rata rights offer.


Govt invests $111m to boost biosecurity, fight M. bovis
6 May 2022   /

Govt invests $111m to boost biosecurity, fight M. bovis

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.


HVN backs NZ cherry research
6 May 2022   /

HVN backs NZ cherry research

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.


Arnott’s seeks 180 Degrees scale, agility with new NZ factory
5 May 2022   /

Arnott’s seeks 180 Degrees scale, agility with new NZ factory

“It gives us about five times the footprint and capacity… and that matches our ambitions for 180 Degrees,” says NZ country manager Mike Cullerne.


“We want to triple the business in three years” – Townsend on Zeffer fundraise
4 May 2022   /

“We want to triple the business in three years” – Townsend on Zeffer fundraise

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.


Startup investment tops $250m in 2021 – F&B just 4%
4 May 2022   /

Startup investment tops $250m in 2021 – F&B just 4%

Food & beverage comprised just 4% of the $257.5m invested in early stage investment in New Zealand in 2021, according to a new report.


Zeffer launches $1.5m capital raise
3 May 2022   /

Zeffer launches $1.5m capital raise

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.


Farro Fresh gets Waterman Capital backing
3 May 2022   /

Farro Fresh gets Waterman Capital backing

The Auckland independent grocery chain will use the investment to expand its network, as well as upgrade existing properties.


NZ King Salmon opens $60m rights issue
28 Apr 2022  

NZ King Salmon opens $60m rights issue

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.


Govt invests $7.44m in apple industry ambition
27 Apr 2022   /

Govt invests $7.44m in apple industry ambition

The government is investing $7.44m to help New Zealand’s apple industry become a world leader in sustainable production practices.


Global alt-seafood investment doubled in 2021 – GFI
21 Apr 2022   /

Global alt-seafood investment doubled in 2021 – GFI

Alternative protein trends could promote a global transformation in the seafood industry, according to GFI.


Romano’s rebuild on track for Q4 completion
19 Apr 2022   /

Romano’s rebuild on track for Q4 completion

Romano’s Food Group is aiming to complete the rebuild of its Christchurch pizza factory by the last quarter of the year.


NZ King Salmon posts $73m loss, launches $60m cap raise
13 Apr 2022  

NZ King Salmon posts $73m loss, launches $60m cap raise

Alongside the capital raise, the company is making structural changes to its farming model, slashing costs and shedding jobs.


NZ King Salmon trading halt, moots possible cap raise
13 Apr 2022  

NZ King Salmon trading halt, moots possible cap raise

The company says it will make a “material announcement regarding its full year results and a potential cap raise”.


Ngati Porou Seafoods expands with $7.5m Akaroa Salmon deal
11 Apr 2022   /

Ngati Porou Seafoods expands with $7.5m Akaroa Salmon deal

The iwi-controlled entity makes its first foray into aquaculture as part of a jv with private equity.


Leaft Foods flies flag with $22m fundraise
8 Apr 2022   /

Leaft Foods flies flag with $22m fundraise

Investors include Rocket Lab-backer Khosla Ventures, a new Ngāi Tahu vehicle, and Kiwi-born US-based NBA star Steven Adams.


Supie brings forward fresh $5m fundraise
6 Apr 2022   /

Supie brings forward fresh $5m fundraise

The online grocery challenger is looking for more backers after strong growth in members and revenue over the last quarter.


Pic’s finds another high-value nut to crack
6 Apr 2022   /

Pic’s finds another high-value nut to crack

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.


Bluelab expands with Autogrow buy
6 Apr 2022   /

Bluelab expands with Autogrow buy

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 Crisps chipper on big Australian investment
5 Apr 2022   /

Proper Crisps chipper on big Australian investment

Proper Snack Foods GM Andy Leonard says challenging shipping and rising costs provided extra motivation to establish manufacturing across the ditch.


NZ Coastal Seafoods to raise $1.5m
5 Apr 2022   /

NZ Coastal Seafoods to raise $1.5m

New Zealand Coastal Seafoods Limited is raising $1.5m from new and existing shareholders.


Blue Sky bid “unreasonable”, undervalues business
4 Apr 2022   /

Blue Sky bid “unreasonable”, undervalues business

Independent directors and advisers say Southern Lamb’s $3 offer price falls short of recognising the full value of the Southland meat processor.


Blue Sky offer goes unconditional
1 Apr 2022   /

Blue Sky offer goes unconditional

Southern Lamb Investments’ takeover offer of Blue Sky Pastures has gone unconditional after receiving more than 50% share acceptances.


HVN pledges $980k for new honey research
1 Apr 2022   /

HVN pledges $980k for new honey research

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.


Frucor Suntory banks on Oceania growth with new $430m factory
31 Mar 2022   /

Frucor Suntory banks on Oceania growth with new $430m factory

The Queensland factory recognises the growth Frucor Suntory believes is possible, says boss Darren Fullerton.


Good Spirits delays $27m Nourish acquisition
31 Mar 2022   /

Good Spirits delays $27m Nourish acquisition

The completion of Auckland pub group Good Spirits Hospitality’s conditional takeover of restaurant owner Nourish Group has been delayed until Q2.


Wednesday Letter: Investors are swinging in behind NZ’s plant-based innovators
30 Mar 2022   /

Wednesday Letter: Investors are swinging in behind NZ’s plant-based innovators

Investments in ventures like Raglan Food Co and Sustainable Foods are a vote of confidence in New Zealand’s burgeoning plant-based sector.


“We can now realise the brand’s potential” – Tesh Randall on Raglan Food’s Pioneer deal
30 Mar 2022   /

“We can now realise the brand’s potential” – Tesh Randall on Raglan Food’s Pioneer deal

Pioneer brings capital and connections to support Raglan Food’s vision to be leader in plant-based products.


Sustainable Foods closes $2m+ fundraise
30 Mar 2022   /

Sustainable Foods closes $2m+ fundraise

Alternative protein player Sustainable Foods has closed its capital raise reaching a total of $2.15m.


Govt backs digital farm environment plan project
30 Mar 2022   /

Govt backs digital farm environment plan project

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.


Private equity swoops on Raglan Food Co
29 Mar 2022   /

Private equity swoops on Raglan Food Co

An investor takes a multimillion-dollar majority stake in Sebastian Walter and Latesha Randall’s plant-based venture.


Mt Cook Alpine Salmon Catalist auction opens
29 Mar 2022   /

Mt Cook Alpine Salmon Catalist auction opens

Mt Cook Alpine Salmon’s quarterly auction has gone live on Catalist .


Bakels Edible Oils balances dairy downturn with foodservice fillip
28 Mar 2022   /

Bakels Edible Oils balances dairy downturn with foodservice fillip

The ingredient supplier dodged supply chain disruption to pick up foodservice and industrial clients left in the lurch.


Gallagher, Royal Barenbrug Group back agritech venture
28 Mar 2022   /

Gallagher, Royal Barenbrug Group back agritech venture

Gallagher and the Royal Barenbrug Group have backed Christchurch-based agritech firm Farmote Systems.


Govt takes stake in aquaculture venture, commits $6m
25 Mar 2022   /

Govt takes stake in aquaculture venture, commits $6m

The government has entered the mussel hatchery business acquiring equity in an iwi-run venture and committing up to $6m.


Dairy-free dairy: NZ foodtech startup Miruku bags US$2.4m
24 Mar 2022   /

Dairy-free dairy: NZ foodtech startup Miruku bags US$2.4m

The venture uses molecular farming technology to cut the cows out of protein production.


Southern Fresh Foods’ $2m hydroponics plan
23 Mar 2022   /

Southern Fresh Foods’ $2m hydroponics plan

The project will provide Southern Fresh with year-round production of baby leaf salads, herbs, and vegetables. 


CGF, Me Today issues new shares in capital raises
23 Mar 2022   /

CGF, Me Today issues new shares in capital raises

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.


Shareholder questions “serious errors” in Me Today’s $36m King Honey deal
18 Mar 2022   /

Shareholder questions “serious errors” in Me Today’s $36m King Honey deal

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.


ComCom clears Ampol’s $2bn Z Energy takeover
17 Mar 2022   /

ComCom clears Ampol’s $2bn Z Energy takeover

Australian fuel retailer Ampol has been cleared by the Commerce Commission for its $2bn purchase of Z Energy.


Pita Pit brands going from virtual to reality
16 Mar 2022   /

Pita Pit brands going from virtual to reality

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.


Mt Cook Alpine Salmon looks for liquidity on Catalist
16 Mar 2022   /

Mt Cook Alpine Salmon looks for liquidity on Catalist

The current shareholders will be able to cash out of the company, currently generating nearly $40m in revenue, via the new capital platform.


Ārepa clocks up Australian accounts
15 Mar 2022   /

Ārepa clocks up Australian accounts

The innovative beverage maker plans to push up its valuation ahead of dusting off a delayed $5m capital raise.


Seaweed trial secures nearly $1m funding
14 Mar 2022  

Seaweed trial secures nearly $1m funding

About $1m is being invested into a land-based seaweed trial beside the Firth of Thames wetland.


Eat NZ’s Feast Matariki secures govt investment
11 Mar 2022   /

Eat NZ’s Feast Matariki secures govt investment

Eat New Zealand has secured up to $275,000 of government funding to support its multi-day Feast Matariki festival.


Blue Sky takeover to plug $30m capex gap – investors
10 Mar 2022   /

Blue Sky takeover to plug $30m capex gap – investors

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.


Earthpac unwraps $2m cap raise
10 Mar 2022   /

Earthpac unwraps $2m cap raise

The company is looking for investment to scale-up production of its home compostable packaging.


F&B puts in solid end to record 2021 M&A
9 Mar 2022   /

F&B puts in solid end to record 2021 M&A

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.


ComCom report: “We’ll turn left, or we’ll turn right” – Tex Edwards
7 Mar 2022   /

ComCom report: “We’ll turn left, or we’ll turn right” – Tex Edwards

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.


Perspectives: Will forcing the duopoly to sell assets hit NZ investment?
7 Mar 2022   /

Perspectives: Will forcing the duopoly to sell assets hit NZ investment?

Economist Cameron Bagrie rejects the argument that New Zealand’s credit rating could be hurt if the supermarket giants are forced to divest.


SeaDragon secures new $500k loan agreement
7 Mar 2022   /

SeaDragon secures new $500k loan agreement

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.


“We want to become a $100m business in five years” – Maui Milk
4 Mar 2022   /

“We want to become a $100m business in five years” – Maui Milk

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.


Wellington Chocolate Factory’s capital plan
3 Mar 2022   /

Wellington Chocolate Factory’s capital plan

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.


Grove looks for growth with guacamole deal
2 Mar 2022   /

Grove looks for growth with guacamole deal

The avocado oil producer’s acquisition commercialises its waste-stream and provides an export opportunity to boot.


Me Today seeks $6m raise approval after “disappointing” King Honey projections
2 Mar 2022   /

Me Today seeks $6m raise approval after “disappointing” King Honey projections

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.


LETF jumpstarts Fonterra’s first electric tanker
25 Feb 2022   /

LETF jumpstarts Fonterra’s first electric tanker

Fonterra is to operate New Zealand’s first electric 46T milk tanker.  


Comvita hits acquisition trail, no dice on first target
24 Feb 2022   /

Comvita hits acquisition trail, no dice on first target

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 US$30m fund seeks green food investments
23 Feb 2022   /

Derek Handley’s US$30m fund seeks green food investments

Derek Handley’s climate tech firm Aera VC has raised US$30m to invest in startups tackling sustainability across all sectors including food.


All Black backs Sustainable Foods cap raise
22 Feb 2022  

All Black backs Sustainable Foods cap raise

Halfback TJ Perenara makes a “significant and material” investment in the plant-based business.


Govt invests $1.3m in iwi hort programme
21 Feb 2022   /

Govt invests $1.3m in iwi hort programme

Waikato-based Ngāti Hauā Iwi Trust is to receive more that $2m to develop a new horticultural programme and education hub.


Pic’s treads Covid tightrope with NPD, export growth
17 Feb 2022   /

Pic’s treads Covid tightrope with NPD, export growth

The Nelson nut butter business looks to new SKUs and overseas expansion in its hunt for further growth.


The Perry Group seeks scale with mānuka honey acquisition
16 Feb 2022   /

The Perry Group seeks scale with mānuka honey acquisition

The investor expands its new mānuka honey platform with the addition of a second business.


Big Chill adds new $40m Waikato DC
16 Feb 2022   /

Big Chill adds new $40m Waikato DC

Freightways is investing $40m into a new Waikato cold store to meet growing demand for its fresh and frozen logistics business.


Mama’s brews up success with hard kombucha
15 Feb 2022   /

Mama’s brews up success with hard kombucha

Alcohol is driving the West Auckland kombucha maker’s sales, as it eyes expansion overseas and a potential capital raise.


Freightways invests $2.7m in upcycling venture
14 Feb 2022   /

Freightways invests $2.7m in upcycling venture

Fast-food and tetra pak cartons destined for the landfill are being converted into building supplies, thanks to Freightways investment.


Warehouse demand prompts $250m Auckland schemes
10 Feb 2022   /

Warehouse demand prompts $250m Auckland schemes

Logistics providers are tapping into a global shift away by FMCG from a ‘just-in-time’ towards a ‘just-in-case’.


Govt pledges $440k to boost hort potential
10 Feb 2022   /

Govt pledges $440k to boost hort potential

A major horticulture project is underway in northern Hawke’s Bay to lift the productivity of Maori-owned land.


ComCom outlines issues in Chalmers Organics takeover
9 Feb 2022   /

ComCom outlines issues in Chalmers Organics takeover

The Commerce Commission is considering an application by Life Health Foods NZ to purchase 100% of meat alternative manufacturer Chalmers Organics.


Service Foods expands Wellington footprint
8 Feb 2022   /

Service Foods expands Wellington footprint

The purchased business will be consolidated into Service Foods’ new $36m Trentham DC.


Food packaging helps attract SFFF investment in hemp
8 Feb 2022   /

Food packaging helps attract SFFF investment in hemp

A multi-million-dollar investment is to look at how hemp can be made into food packaging and other innovations.


Aquaculture venture looks to hook new investors
4 Feb 2022   /

Aquaculture venture looks to hook new investors

The current backers are seeking fresh investment to bring forward plans for an Aquaculture Centre of Excellence in the deep south.


Seeka completes NZ Fruit acquisition
4 Feb 2022   /

Seeka completes NZ Fruit acquisition

Seeka has completed its acquisition of Gisborne-based New Zealand Fruits in a deal that values the latter at $21m.


Tindall’s K1W1 stumps up for Cropsy, Daisy Lab
3 Feb 2022   /

Tindall’s K1W1 stumps up for Cropsy, Daisy Lab

The Warehouse founder’s venture capital fund backs NZ ventures seeking global exposure.


F&B investment slumps 65% on crowdfunding platform
2 Feb 2022  

F&B investment slumps 65% on crowdfunding platform

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, Milford partner in Honeycrisp venture
2 Feb 2022  

Bostock, Milford partner in Honeycrisp venture

Bostock has partnered with Milford Private Equity to grow and market a South Island organic apple variety to overseas customers.


Countdown in $60m Rolleston DC partner plan
1 Feb 2022   /

Countdown in $60m Rolleston DC partner plan

Proposed Rolleston development could add a fifth DC to Countdown’s national network, with focus on fresh and perishable product lines.


Black Hawk owner Ebos raises $674m
10 Dec 2021   /

Black Hawk owner Ebos raises $674m

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.


Nutrition crisis: F&B firms face investor pressure for healthy food shift
9 Dec 2021   /

Nutrition crisis: F&B firms face investor pressure for healthy food shift

The world’s most powerful investors urge the global food industry to produce healthier products.


Govt invests in $5m regenerative seaweed pilot
9 Dec 2021   /

Govt invests in $5m regenerative seaweed pilot

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.


Cooks Global Foods details $8m rights issue
8 Dec 2021   /

Cooks Global Foods details $8m rights issue

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.


Ingredients, personal care, healthy ageing – Pāmu milks deer idea for future growth
7 Dec 2021   /

Ingredients, personal care, healthy ageing – Pāmu milks deer idea for future growth

The SOE targets the healthy ageing category for the longterm commercial success of its ‘world first’ product.


New funding for Pic’s homegrown peanuts
7 Dec 2021   /

New funding for Pic’s homegrown peanuts

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.


Deep Creek upsizes brewery to meet surging export demand
6 Dec 2021  

Deep Creek upsizes brewery to meet surging export demand

The Auckland craft beer business says it is making a multi-million dollar investment into its brewery and scaling up staff numbers.


Founders Advisory, F&B opportunities and product vs brand – Peter Cullinane
1 Dec 2021   /

Founders Advisory, F&B opportunities and product vs brand – Peter Cullinane

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, Cooks Global Foods make headway in half years
30 Nov 2021   /

Burger Fuel, Cooks Global Foods make headway in half years

Burger Fuel signals a holding pattern while UK-heavy CGF rides the first wave of the global recovery.


All Good backs $50m Southland oat factory
29 Nov 2021   /

All Good backs $50m Southland oat factory

The purpose-led company commits to being a customer of New Zealand’s first purpose-built oat milk processing factory.


Jeuneora hits $3.5m cap raise target
26 Nov 2021   /

Jeuneora hits $3.5m cap raise target

New Zealand beauty and supplement company Jeuneora has closed its capital raise after hitting its maximum target of $3.5m.


Speirs signals “challenging” demand and supply dynamics
25 Nov 2021   /

Speirs signals “challenging” demand and supply dynamics

The salad supplier grapples with increasing costs and conducts a review of margins to ensure acceptable returns.


F&B helps pump record Q3 M&A
25 Nov 2021  

F&B helps pump record Q3 M&A

A handful of heavyweight FMCG deals support a record quarter of M&A activity according to PwC.


Impossible Foods’ Nick Halla on what’s possible in New Zealand
24 Nov 2021   /

Impossible Foods’ Nick Halla on what’s possible in New Zealand

The plant-based giant arrives in NZ and tells the Ticker how it plans to make an impact on the market.


NZ-founded New Culture gets Kraft Heinz backing in US$25m raise
24 Nov 2021   /

NZ-founded New Culture gets Kraft Heinz backing in US$25m raise

The funds will be ploughed into scale-up for a US foodservice launch of animal-free mozzarella next year.


Who does My Food Bag want to buy?
23 Nov 2021   /

Who does My Food Bag want to buy?

CEO Kevin Bowler tells the Ticker what he’s looking for in any acquisition – and it may not have to be in food.


T&G strikes Super Fund deal for Envy investment
23 Nov 2021   /

T&G strikes Super Fund deal for Envy investment

The apple exporter seeks capital to invest in meeting global demand for its Jazz and Envy apples.


Hemp Connect gets “game-changing” $245k MPI backing
18 Nov 2021   /

Hemp Connect gets “game-changing” $245k MPI backing

The pilot project aims to enable locally grown hemp food products to compete with imported goods.


Countdown names five-strong FMCG cohort for $1m Kete accelerator
18 Nov 2021   /

Countdown names five-strong FMCG cohort for $1m Kete accelerator

The 12-month programme provides access to Countdown’s customer marketing and insights teams, as well as product development and manufacturing support.


Lyre’s sees continuing growth in NZ, completes UK funding round
18 Nov 2021   /

Lyre’s sees continuing growth in NZ, completes UK funding round

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 »


“It’s called fast moving consumer goods for a reason” – Marmont Capital on investing and scaling
17 Nov 2021   /

“It’s called fast moving consumer goods for a reason” – Marmont Capital on investing and scaling

The FMCG investor says it backs brands with a point of difference and potential to scale.


OCHO’s post-fundraise plan
16 Nov 2021   /

OCHO’s post-fundraise plan

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 ups My Food Bag stake
16 Nov 2021   /

Milford ups My Food Bag stake

Milford Asset Management has increased its holdings in meal kit company My Food Bag to 8.79%.


Good Spirits toasts $27m Nourish Group acquisition
15 Nov 2021   /

Good Spirits toasts $27m Nourish Group acquisition

The Auckland pub group gobbles up Nourish in a “transformational growth opportunity” creating one of New Zealand’s largest hospitality operators.


COP26 pledge “massive structural risk for NZ food and fibre” – KPMG’s Proudfoot
12 Nov 2021   /

COP26 pledge “massive structural risk for NZ food and fibre” – KPMG’s Proudfoot

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.


F&B startups secure $3.7m
12 Nov 2021   /

F&B startups secure $3.7m

New Zealand food and beverage startups managed to secure about $3.7m in early stage investment during the first half of 2021.


Westland to spread overseas butter footprint after $40m investment
9 Nov 2021  

Westland to spread overseas butter footprint after $40m investment

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.


Investors keen for taste of truffles as $26m venture gets ‘positive’ reception
8 Nov 2021   /

Investors keen for taste of truffles as $26m venture gets ‘positive’ reception

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.


Prolife Foods beds in Australian brands in category expansion
5 Nov 2021   /

Prolife Foods beds in Australian brands in category expansion

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.


Seeka secures another $38m for expansion, acquisitions
3 Nov 2021   /

Seeka secures another $38m for expansion, acquisitions

New Zealand’s largest kiwifruit grower says it has negotiated an increased debt facility of $190m, up from $152m.


Ampol seeks ComCom approval for $2bn Z Energy takeover
3 Nov 2021   /

Ampol seeks ComCom approval for $2bn Z Energy takeover

Australian petrol company Ampol has applied for Commerce Commission approval for its $2bn purchase of Z Energy.


Little Elephant launches $230k capital raise for expansion
2 Nov 2021   /

Little Elephant launches $230k capital raise for expansion

Functional beverage startup Little Elephant Tonics is seeking up to $230,000 in capital to help fund exports to the US and Australia.


SeaDragon secures $1.5m facility from majority shareholder
2 Nov 2021   /

SeaDragon secures $1.5m facility from majority shareholder

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.


T&G bolsters balance sheet with $80m sale and leaseback
1 Nov 2021  

T&G bolsters balance sheet with $80m sale and leaseback

The produce giant will use the cash to fuel its growth strategy, as it faces a profit squeeze from Covid-19.


ComCom hearing: “Vigorous, almost violent” reaction expected to grocery challenger
29 Oct 2021   /

ComCom hearing: “Vigorous, almost violent” reaction expected to grocery challenger

New entrants, existing players and would-be investors are all wary of the power wielded by the grocery duopoly, the Commerce Commission hears.


Onions NZ eyes new markets on back of  $6m investment
29 Oct 2021   /

Onions NZ eyes new markets on back of $6m investment

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.


ComCom hearing: Private label harm vs help
27 Oct 2021   /

ComCom hearing: Private label harm vs help

FGC says NZ’s highly concentrated market means conflicts of interests are amplified but supermarket groups argue private labels are critical for budget consumers.


Giesen and the Strange Nature of its fast-growing 0% range
21 Oct 2021   /

Giesen and the Strange Nature of its fast-growing 0% range

The winemaker is bringing forward a multi-million dollar investment into its low and no alcohol range, which has raced ahead of sales forecasts.


Sustainable Foods plants seed for $1.5m raise
21 Oct 2021   /

Sustainable Foods plants seed for $1.5m raise

The hemp meat trailblazer is looking to drive growth both here and overseas.


Freightways buys ProducePronto for cool $10m
20 Oct 2021   /

Freightways buys ProducePronto for cool $10m

The latest deal sees Freightways expand its grip over the express chilled and frozen food transport sector following 2020’s Big Chill purchase.


Z outlets to change ownership in $2bn deal
15 Oct 2021   /

Z outlets to change ownership in $2bn deal

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.


Sara Lee pricetag confirmed at $100.25m
15 Oct 2021   /

Sara Lee pricetag confirmed at $100.25m

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.


$1.5bn Ziwi Peak sale in top three 2021 M&A deals
14 Oct 2021   /

$1.5bn Ziwi Peak sale in top three 2021 M&A deals

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.


Kellogg’s $48m innovation investment in numbers
14 Oct 2021   /

Kellogg’s $48m innovation investment in numbers

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.


LeaderBrand looks for gains from mega-greenhouse pilot
13 Oct 2021   /

LeaderBrand looks for gains from mega-greenhouse pilot

The Gisborne business is pumping millions into its pilot undercover growing project to test the environmental and productivity gains it can unlock.


Foley Wines lines up pinot vineyard deal
13 Oct 2021   /

Foley Wines lines up pinot vineyard deal

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.


‘New Zealand has to get in the race’ – NZFF’s Justin Riley

‘New Zealand has to get in the race’ – NZFF’s Justin Riley

Investor and customer interest is being lined up for the $50m Southland oat milk factory, keeping it on track for a 2022 opening.


PledgeMe push for brownie and kefir co’s
12 Oct 2021   /

PledgeMe push for brownie and kefir co’s

Auckland’s The Kefir Co and Christchurch’s Badass Brownies are looking for funds via crowdfunding platform PledgeMe.


Zeffer canning line adds “string to bow”
8 Oct 2021  

Zeffer canning line adds “string to bow”

A close-to million dollar investment into a new canning line releases a packaging bottle neck and opens up contract manufacturing opportunities.


Kellogg’s NZ boss Tamara Howe on fads, food renovation and gluten free
4 Oct 2021   /

Kellogg’s NZ boss Tamara Howe on fads, food renovation and gluten free

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?


Food firms secure $19m to decarbonise
1 Oct 2021   /

Food firms secure $19m to decarbonise

Meadow Mushrooms, Talley’s and Mataura Valley Milk among latest recipients of $70m GIDI fund.


Circle K in “multi-million dollar” NZ franchise drive
1 Oct 2021   /

Circle K in “multi-million dollar” NZ franchise drive

Franchising drive aims to convert 2% of NZ’s 5,000 convenience stores to Circle K banner.


No Ugly seeks funding for functional expansion
30 Sep 2021   /

No Ugly seeks funding for functional expansion

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.


Delegat to invest $30m to drive growth
24 Sep 2021   /

Delegat to invest $30m to drive growth

Winemaker Delegat Group says it will invest $29.7m in FY22 to provide earnings growth in the years ahead.


Fonterra moots Chile exit, Aus IPO to put higher value NZ dairy centre stage
23 Sep 2021  

Fonterra moots Chile exit, Aus IPO to put higher value NZ dairy centre stage

A strategy reset will see billions invested in “differentiating NZ milk on the world stage” to drive the co-op up the value chain.


Arnott’s ready to ramp 180 Degrees, despite Delta delay
22 Sep 2021   /

Arnott’s ready to ramp 180 Degrees, despite Delta delay

Four months on from its acquisition of 180 Degrees, Arnott’s is dodging Delta disruption and preparing to push the premium cracker brand.


Ziwi goes with FountainVest
21 Sep 2021   /

Ziwi goes with FountainVest

The sale to the Chinese private equity firm provides the pet food business with access to capital and global market intelligence.


Bidders line up for billion-dollar Ziwi
20 Sep 2021   /

Bidders line up for billion-dollar Ziwi

Chinese private equity players FountainVest and Boyu have been linked to $1bn-plus bids for Ziwi.


New Countdown for Halswell resi scheme
20 Sep 2021  

New Countdown for Halswell resi scheme

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.


Taranaki microbrewery eyes $1.5m expansion
16 Sep 2021  

Taranaki microbrewery eyes $1.5m expansion

Three Sisters Brewery is looking to raise $1.5m to help boost production capacity tenfold, expand its retail network and enter the Australian market.


Chris Quin on Foodstuffs’ category reset and its ‘phygital’ future
10 Sep 2021  

Chris Quin on Foodstuffs’ category reset and its ‘phygital’ future

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.


Govt backs robotic asparagus harvester with $2.6m
10 Sep 2021  

Govt backs robotic asparagus harvester with $2.6m

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.


CertusBio nets $4.6m for global growth
9 Sep 2021   /

CertusBio nets $4.6m for global growth

The foodtech startup is moving from a successful trial with Fonterra to one with US dairy company Valley Queen Cheese.


Lion fined $10k for breaching overseas investment law
9 Sep 2021   /

Lion fined $10k for breaching overseas investment law

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.


Food investments on the menu at Ngāi Tahu
7 Sep 2021   /

Food investments on the menu at Ngāi Tahu

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.


Otis puts money where its mouth is with 1% fund launch
6 Sep 2021   /

Otis puts money where its mouth is with 1% fund launch

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’s Sanford stake tops 19% after $38m buy-up
3 Sep 2021   /

Ngāi Tahu’s Sanford stake tops 19% after $38m buy-up

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.


Service Foods seeks war chest to gun for growth
2 Sep 2021   /

Service Foods seeks war chest to gun for growth

The acquisitive wholesaler is considering bringing in a private investor or an IPO as it looks for long-term capital.


Grater Goods secures first fundraise, preps for plant-based push
1 Sep 2021  

Grater Goods secures first fundraise, preps for plant-based push

Icehouse Ventures, Hillfarrance Scout Fund and ArcAngels back Christchurch plant-based startup.


Batchwell cracks $1m in cap raise
26 Aug 2021   /

Batchwell cracks $1m in cap raise

Kombucha company Batchwell raised just over $1m in its equity capital raise, exceeding its minimum target of $700,000.


New plant milk export squashes produce waste
17 Aug 2021   /

New plant milk export squashes produce waste

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.


Investor Q&A: NZGCP’s Aspire Fund
10 Aug 2021   /

Investor Q&A: NZGCP’s Aspire Fund

With deployments in ventures like Rockit and Sunfed, NZ Growth Capital Partners outlines what it looks for in food and agritech.


Cropsy beats the drum for funds
5 Aug 2021   /

Cropsy beats the drum for funds

Co-founders Ali Alomari and Leila Deljkovic are sounding out investors as the startup preps for a commercial pilot in Marlborough.


Plant & Food’s David Hughes on the institute’s post-Covid commercial push
4 Aug 2021   /

Plant & Food’s David Hughes on the institute’s post-Covid commercial push

CEO David Hughes is looking for partners in emerging areas such as orchard automation and urban horticulture.


Ripple Foods raises $549k from NZ
30 Jul 2021   /

Ripple Foods raises $549k from NZ

US food-tech company Ripple Foods collected $549,450 from New Zealand wholesale investors in its oversubscribed $55m fundraising round.


Beyond kombucha: Batchwell sets sights on gut health brand
23 Jul 2021  

Beyond kombucha: Batchwell sets sights on gut health brand

Functional drinks and an expansion out of beverages are all in the mix for the kombucha company currently raising capital.


This Local Piggy to seek funding after hyperlocal trial
22 Jul 2021  

This Local Piggy to seek funding after hyperlocal trial

This startup will seek the funding after trialling its hyperlocal online grocery service in Auckland.


Again Again preps version 2.0 for trial
21 Jul 2021   /

Again Again preps version 2.0 for trial

Think you know reusable takeaway coffee cup company Again Again? Think again (again).


Opportunities, scale and speed – Blis on its $9m Probi partnership
21 Jul 2021  

Opportunities, scale and speed – Blis on its $9m Probi partnership

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.


Foodprint accelerates into Wellington
20 Jul 2021   /

Foodprint accelerates into Wellington

Michal Garvey’s Auckland-based food waste startup has signed its first cafes in the capital.


Countdown backs business diversity with $1m in-house accelerator
16 Jul 2021  

Countdown backs business diversity with $1m in-house accelerator

The 12-week accelerator is focused on helping encourage a more diverse supplier base in Aotearoa.


Ripple Foods $55m fundraise goes live
16 Jul 2021   /

Ripple Foods $55m fundraise goes live

The US plant-based dairy company backed by Goldman Sachs and Prelude Ventures has opened the round to New Zealand wholesale investors.


Lion pumps millions into zero alcohol tech to tap new demand
15 Jul 2021   /

Lion pumps millions into zero alcohol tech to tap new demand

The brewer is making a big move into the no alcohol beer market, which is says will be worth $25bn globally by 2024.


How to get funding, and what to do when you’ve got it – tips for food and agritech
15 Jul 2021  

How to get funding, and what to do when you’ve got it – tips for food and agritech

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.


Entries open for NZTE’s Te Kōmaru – Māori investment showcase
15 Jul 2021  

Entries open for NZTE’s Te Kōmaru – Māori investment showcase

New Zealand Trade and Enterprise is calling for applications for Te Kōmaru – its annual Māori investment showcase.


Bootleg Jerky beefs up with new investment
14 Jul 2021   /

Bootleg Jerky beefs up with new investment

The jerky startup has secured funding for a new facility to help more than double production.


Starting gun fired for Batchwell fundraise
14 Jul 2021   /

Starting gun fired for Batchwell fundraise

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.


Happy Cow launches capital raise, Hunt and Gather secures funds
13 Jul 2021  

Happy Cow launches capital raise, Hunt and Gather secures funds

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.


Mead, maps and meat – Sprout selects accelerator Cohort B
12 Jul 2021   /

Mead, maps and meat – Sprout selects accelerator Cohort B

A sparkling mead maker, a plant-based food manufacturer, and a probiotic kefir company are among twelve startups selected for Sprout’s accelerator.


Farro Fresh expands IRL and online
9 Jul 2021   /

Farro Fresh expands IRL and online

The speciality grocer has inked a deal that will see it open its seventh Auckland store, and is close to signing on another.


Seeka invests $2.6m into hort tech startup
9 Jul 2021   /

Seeka invests $2.6m into hort tech startup

New Zealand’s largest kiwifruit grower, Seeka, has bought a $2.6m minority stake in hort tech startup Fruitometry.


Blis bump on $9m Probi partnership
8 Jul 2021  

Blis bump on $9m Probi partnership

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.


GoodFor gets $2.2m max raise target
5 Jul 2021   /

GoodFor gets $2.2m max raise target

Package-free, lifestyle grocery store GoodFor has raised $2.2m of fresh cash, hitting its maximum capital raise target.


Cheers to that – wine tech startup Marama Labs raises $1.25m
30 Jun 2021   /

Cheers to that – wine tech startup Marama Labs raises $1.25m

Wellington startup Marama Labs is charting a course for global growth after raising $1.25m for its winemaking technology.


GoodFor going strong in $1.8m fundraise
30 Jun 2021   /

GoodFor going strong in $1.8m fundraise

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.


Vince preps for investment as scale-up plans take shape
24 Jun 2021   /

Vince preps for investment as scale-up plans take shape

The plant-based startup is seeking investment as it targets annual sales of $1.2m after fielding enquiries from overseas.


Genesis Private Equity deepens roots in hort sector with new investments
24 Jun 2021   /

Genesis Private Equity deepens roots in hort sector with new investments

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


Cell-cultured meat – opportunities and threats for NZ’s food sector
23 Jun 2021  

Cell-cultured meat – opportunities and threats for NZ’s food sector

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.


Unlock capacity constraints to seize export opportunity – NZTE’s Craig Armstrong
22 Jun 2021   /

Unlock capacity constraints to seize export opportunity – NZTE’s Craig Armstrong

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.


TIN200: Who are NZ’s top agritech investors?
21 Jun 2021  

TIN200: Who are NZ’s top agritech investors?

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 to pump $40m into Te Puke packhouse
21 Jun 2021   /

DMS to pump $40m into Te Puke packhouse

DMS Progrowers is doubling the size of its existing Te Puke packhouse investing $40m into the project.


Rockit investor hits $80m fund target, looks for $100m
21 Jun 2021   /

Rockit investor hits $80m fund target, looks for $100m

Tauranga-based private equity firm Oriens Capital has raised its target of $80m for its second fund.


SFF Futures investments top $111m across 138 projects
17 Jun 2021  

SFF Futures investments top $111m across 138 projects

Food firms like Pic’s Peanut Butter have helped chip in $139m taking total investment to quarter of a billion dollars.


Meatless Farm launches crowdfunding campaign
17 Jun 2021  

Meatless Farm launches crowdfunding campaign

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.


GoodFor chases down $2m capital raise target
11 Jun 2021   /

GoodFor chases down $2m capital raise target

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.


Bell rings for new SME stock exchange
11 Jun 2021   /

Bell rings for new SME stock exchange

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.


$30m and counting – Christchurch PE firm makes debut food investment
10 Jun 2021   /

$30m and counting – Christchurch PE firm makes debut food investment

South Island Office invests $30m in its first food acquisition and says there are more deals in the pipeline.


Deer milk trial secures $244k from HVN
9 Jun 2021  

Deer milk trial secures $244k from HVN

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.


Seeka goes for $20m expansion, Pukenga packhouse decision delayed
8 Jun 2021  

Seeka goes for $20m expansion, Pukenga packhouse decision delayed

Kiwifuit company Seeka has delayed a decision on developing a new packhouse at Pukenga by pledging a $20m upgrade at an existing packhouse.


F&B a $29m winner in Snowball Effect’s first $100m
4 Jun 2021  

F&B a $29m winner in Snowball Effect’s first $100m

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 opens new headquarters
2 Jun 2021  

Rockit Global opens new headquarters

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.


“People are not willing to compromise” – Kerry on tastes, trends and first-mover winners
27 May 2021  

“People are not willing to compromise” – Kerry on tastes, trends and first-mover winners

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.


Supie’s subs offer sells out, capital raise on cards
25 May 2021   /

Supie’s subs offer sells out, capital raise on cards

The new online grocery service will be looking for investment within a year, says founder Sarah Balle.


New $40m Rockit HQ launchpad for 70% sales surge – CEO
20 May 2021  

New $40m Rockit HQ launchpad for 70% sales surge – CEO

Miniature apple company Rockit Global is ready to cut the red ribbon on its new circa $40m global headquarters following a bumper harvest.


Shiok Meats eyes Kiwi and Aussie BBQ’s for its cell-grown shrimp
19 May 2021  

Shiok Meats eyes Kiwi and Aussie BBQ’s for its cell-grown shrimp

The Singapore-based cultured food startup has reached out to NZ food regulators ahead of its planned product launch.


E Tipu 2021: Green goes mainstream for investors
17 May 2021   /

E Tipu 2021: Green goes mainstream for investors

With even institutional investors wanting green metrics, there has been a convergence of mainstream and impact investment in the agrifoodtech community.


Agritech venture Vence raises $16m
17 May 2021   /

Agritech venture Vence raises $16m

New Zealand virtual fencing startup, Vence, has raised $16m which will help it prepare for its entry into the Australian and US markets.


“The world’s our oyster” – Natural Pet Food’s Neil Hinton on KKR deal
14 May 2021   /

“The world’s our oyster” – Natural Pet Food’s Neil Hinton on KKR deal

The CEO says global investor KKR will accelerate the premium pet food firm’s international expansion.


E Tipu 2021: AgFunder’s hot tips for VC foodtech investment
14 May 2021   /

E Tipu 2021: AgFunder’s hot tips for VC foodtech investment

Food as medicine, medicinal plants and food personalisation are all the radar of US agrifood venture capital investor, AgFunder, as categories of opportunity.


Food innovation funding ready to roll – MPI
11 May 2021   /

Food innovation funding ready to roll – MPI

MPI is seeking more applicants from the food sector for SFF Futures funding.


Boma NZ’s E Tipu 2021 is a go
11 May 2021  

Boma NZ’s E Tipu 2021 is a go

Described as the biggest food and fibre event of the year, the Boma NZ Agri Summit kicks-off in Christchurch this morning.


Q&A: Dean Tilyard on Finistere’s new $40m  Aotearoa Fund
10 May 2021  

Q&A: Dean Tilyard on Finistere’s new $40m Aotearoa Fund

The Ticker sits down with Finistere’s investment manager to find out what NZ opportunities he will be looking for.


Better late than never – Nestlé joins US$17bn plant-based dairy party
10 May 2021  

Better late than never – Nestlé joins US$17bn plant-based dairy party

Nestlé’s Launch of Wunda pea milk in Europe follows Coca-Cola expanding into oat milk in the US.


NZ, the emerging protein sector and the future – report
7 May 2021   /

NZ, the emerging protein sector and the future – report

Aotearoa risks being left behind by its international peers in the increasingly competitive emerging protein sector.


Ex-Barkers boss to lead $50m Southland oat milk venture
7 May 2021  

Ex-Barkers boss to lead $50m Southland oat milk venture

Southlander Justin Riley returns home to bring forward Great South’s oat initiative.


Arnott’s bags NZ cracker firm 180 Degrees
7 May 2021   /

Arnott’s bags NZ cracker firm 180 Degrees

The deal catapults Australian biscuit giant Arnott’s into NZ’s premium cracker category.


Beef + Lamb get $1m genetics research injection
7 May 2021  

Beef + Lamb get $1m genetics research injection

The New Zealand Meat Board is investing some of its reserves into B+L’s genetics research programme.


Perspectives: Agrifood, innovation and Manawatu’s global goal
6 May 2021  

Perspectives: Agrifood, innovation and Manawatu’s global goal

CEDA boss Linda Stewart on how AgriFood Week supports Manawatu’s ambition to be one of the world’s top three agrihubs by 2025.


KKR acquires Natural Pet Food Group
4 May 2021   /

KKR acquires Natural Pet Food Group

The deal sees Pioneer Capital exit and the food company fuelled to grow globally.


Show me the money – NZ’s play for the high-value nutrition market
4 May 2021   /

Show me the money – NZ’s play for the high-value nutrition market

Higher margin evidence-based health and wellness products present a huge opportunity to change the value of New Zealand’s agriculture and food sectors.


Investors line up for NZ’s first carbon-neutral oat milk factory
30 Apr 2021   /

Investors line up for NZ’s first carbon-neutral oat milk factory

An investment bank has been appointed to marshal growing investor interest in the $50m Southland venture.


Foodtech venture investment jumps to $24bn in 2020 – report
30 Apr 2021   /

Foodtech venture investment jumps to $24bn in 2020 – report

Around 8,000 unique investors took part in more than 9,000 transactions in 2020.


Food investments on the menu as Oriens targets $80m follow-on fund
29 Apr 2021  

Food investments on the menu as Oriens targets $80m follow-on fund

The Rockit Global private equity backer will soon be on the hunt for F&B investments.


Iwi beverage business wins $54k R&D funding boost
16 Apr 2021   /

Iwi beverage business wins $54k R&D funding boost

The funding will see the functional drink company deep dive into indigenous ingredients.


California’s Finistere targets NZ food tech startups with $40m fund
16 Apr 2021  

California’s Finistere targets NZ food tech startups with $40m fund

The vehicle has attracted a $14m commitment from New Zealand Growth Capital Partners.


Westland presses go on $3.2m Hokitika project
15 Apr 2021  

Westland presses go on $3.2m Hokitika project

The project will reduce the factory’s carbon emissions by 7%.


Alliance invests $1m for push into speciality ingredients
14 Apr 2021  

Alliance invests $1m for push into speciality ingredients

The upgrade of its Levin rendering facility will support the co-op’s drive to capture greater value from products.


Plant-based ice cream start-up makes accelerator finals
13 Apr 2021   /

Plant-based ice cream start-up makes accelerator finals

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 makes case for $60m OPAC acquisition
12 Apr 2021   /

Seeka makes case for $60m OPAC acquisition

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.


Coal boiler ban and co-investment as govt pushes decarbonisation
9 Apr 2021  

Coal boiler ban and co-investment as govt pushes decarbonisation

The government has moved to ban new low to medium temperature coal burners from next year.


GoodFor chases growth with $1.5m capital raise
7 Apr 2021  

GoodFor chases growth with $1.5m capital raise

The package-free grocery store network is planning to expand.


PharmaZen profit up 30%, Covid delays hit factory development
6 Apr 2021  

PharmaZen profit up 30%, Covid delays hit factory development

Annual profit rises to $5.2m, but Covid delays push out development of a new Rolleston factory.


Alternative proteins: Niche product to mainstream phenomenon
6 Apr 2021   /

Alternative proteins: Niche product to mainstream phenomenon

The fast-growing alternative protein market is on track to account for 11% of the global protein market by 2035.


Imagr to open in Amsterdam, steps up European push
1 Apr 2021   /

Imagr to open in Amsterdam, steps up European push

NZ smart cart startup says it has finalised deals with two European retailers.


Leaft launches $20m plant protein programme with SFF Futures backing
31 Mar 2021   /

Leaft launches $20m plant protein programme with SFF Futures backing

The plant protein startup secures $8m from MPI for a five-year R&D programme.


Seeka lines up $60m OPAC deal
26 Mar 2021   /

Seeka lines up $60m OPAC deal

The Bay of Plenty-based company is looking to expand its footprint in the kiwifruit sector.


Batchwell cracks open $1m capital raise
25 Mar 2021   /

Batchwell cracks open $1m capital raise

An aggressive growth strategy underpins the kombucha maker’s forecast 325% jump in annual revenue.


Westland Milk in $40m butter expansion play
25 Mar 2021  

Westland Milk in $40m butter expansion play

The West Coast dairy company will double the capacity of its Hokitika butter manufacturing plant.


Scales in the frame for $200m Villa Maria purchase
24 Mar 2021   /

Scales in the frame for $200m Villa Maria purchase

The agribusiness confirms it is in the running to buy Villa Maria in what would be its first foray into wine.


Insect protein sector investment creating demand buzz – report
17 Mar 2021   /

Insect protein sector investment creating demand buzz – report

Significant investment has set the scene for global demand for insect ingredients, says Rabobank.


Commercial whitebait venture secures $2m govt investment
16 Mar 2021  

Commercial whitebait venture secures $2m govt investment

Whitebait farming could soon become a reality with a $7m project garnering government support.


Jobs safe despite $16m automation investment – Alliance
9 Mar 2021  

Jobs safe despite $16m automation investment – Alliance

Southland’s largest employer is automating its warehouse and using laser guided storage and retrieval systems.


My Food Bag says interest “strong” after institutional  bookbuild completes
23 Feb 2021   /

My Food Bag says interest “strong” after institutional bookbuild completes

The company is on track to dual list on 5 March with a post-IPO market cap of $449m.