Seeka clears first hurdle in OPAC acquisition

15th April 2021 By Staff Reporter | news@foodticker.co.nz | @foodtickernz

Seeka is a step closer to buying kiwifruit rival Ōpōtiki Packing and Coolstorage, with 99.8% of OPAC shareholders voting in favour of the acquisition.

The transaction still had conditions to be achieved, including better than 50% support by Seeka shareholders at the company’s annual shareholder meeting on 16 April, along with banking and grower support.

Seeka said the integration process would start from 4 May once the remaining hurdles were cleared.