Ngāi Tukairangi acquisition solidifies leadership role in kiwifruit
“This landmark deal is an exciting opportunity for Ngāi Tukairangi,” said ANZ Head of Māori Relationships, David Harrison. “From humble beginnings they’ve established themselves as top performers in the kiwifruit industry.”
“Opportunities to double your size and build scale and diversification don’t come around often. Ngāi Tukairangi have seized that opportunity, reinforced their leadership in the kiwifruit sector, and expanded their footprint,” Mr Harrison said.
The record $40.2m transfer was formally concluded with a pōhiri at Omāhu Marae in Hastings, where the previous owners, the Eriksen family, officially handed over the orchard to the Ngāi Tukairangi Trust.
“Today marks an important milestone for Ngāi Tukairangi,” said trustee Neil Te Kani.
“We have always been leaders in the kiwifruit industry, and we’ve maintained our long-term commitment to the sector despite challenges the industry has faced. We developed a strategy to acquire more land and this purchase is a natural progression for the Trust.”
“Most importantly this new 60 canopy hectare orchard helps grow our capacity to sustainably and provides tangible benefits to our current and future owners.”
source: scoop.co.nz
