T&G Global has strengthened its home turf position with its acquisition of Freshmax NZ. Kim Berry writes.
As 2019 drew to a close, T&G Global (formerly Turners and Growers) announced it had entered an agreement to acquire the domestic fresh produce division of Freshmax NZ for $30 million.
The acquisition represents the ongoing growth of one of the country’s largest fresh produce companies.
While the deal is signed and subject to a number of conditions, it also requires a review by the New Zealand Commerce Commission.
T&G Global CEO Gareth Edgecombe says it is a significant opportunity to expand and strengthen the company’s presence in New Zealand.
“[It will] deliver better service to growers and customers, provide a platform for an enhanced supply chain and supply the highest quality fresh produce to customers year-round.
“[W]e believe it will be a welcome catalyst of change to drive more efficient and effective ways of working with New Zealand growers and retailers,” he says.
