One of New Zealand’s largest fresh produce companies, T&G Global has signed an agreement to purchase the domestic fresh produce division of Freshmax NZ. T&G Global CEO Gareth Edgecombe said that the deal, costing US$20 million, will strengthen the firm’s New Zealand business, 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. He said,
“Freshmax NZ brings a strong team, operations and facilities and a large distribution services business which are all complementary additions to T&G’s NZ Produce business.”
T&G Global’s managing director New Zealand Produce, Andrew Keaney, said the acquisition brings excellent trading relationships and strong supply relationships in key categories.
“We’re excited to bring together the combined strengths of the Freshmax and T&G teams, suppliers and customers into our business, and build a stronger combined presence in the New Zealand market.
The deal includes three market sites (Auckland, Wellington, Christchurch) and distribution services across the country. It is still subject to review by the Commerce Commission.