T&G Global has entered into a partnership with the New Zealand Superannuation Fund though its New Zealand rural investment manager, FarmRight. The goal of this partnership is to help grow one of New Zealand’s best-returning premium export apples, Envy™.
The partnership sees T&G sell 40 hectares of Hawke’s Bay orchards to NZ Super Fund, with T&G contracted to provide orchard services and all post-harvest, export and marketing services. This frees up capital for T&G to invest in Envy’s ambitious global growth strategy, whilst providing the government’s NZ Super Fund with returns to help fund the future superannuation costs of Kiwis.
T&G Chief Executive, Gareth Edgecombe, says partnering with the NZ Super Fund enables T&G to increase supply of its premium Envy™ apples to help meet growing global demand. “Envy is a great New Zealand horticultural success story. It’s a world-leading apple, harnessing incredible IP from our partners at Plant & Food Research. With its fantastic crisp crunch, perfectly balanced sweet flavour and bright red colour, consumers around the world actively seek it out.”