T&G Global to sell Kerikeri kiwifruit orchards, packhouse facilities and Zespri assets to Seeka
Seeka is to make a significant investment by taking over large parts of T&G’s Kerikeri operations. The firm will take ownership of T&G’s 80 hectares of kiwifruit orchards in the Kerikeri area on 30th June 2018. Moreover, on 30th April 2018, Seeka will pay approximately NZ$40 million to purchase T&G’s packing and storage facilities and a further NZ$2 million to buy out all of T&G’s shares in Zespri. T&G is to retain ownership of the Hayward, ENZAGold, ENZARed and Zespri trademarks. The agreement also sets out that T&G will have access to fruit grown by Seeka to supply its global and domestic customers. While Seeka is to rename T&G’s facilities Seeka Kerikeri, all existing staff will be retained.
Seeka aims to consolidate itself in a region which shows great potential for both avocados and kiwifruit and plans to establish it as a post-harvest hub. Meanwhile T&G intends to focus more on its core categories of citrus and berries.