T&G has reached an agreement regarding the sale of its Kerikeri-based kiwifruit orchards, packhouse facilities and assets to Seeka Limited.
The agreement, valued at approximately $40 million will see Seeka purchase T&G’s post-harvest facilities in Kerikeri for the packing and storing of avocados, kiwifruit and citrus. Additionally, T&G has agreed to sell all its Zespri shares to Seeka, valued at approximately $2 million.
T&G is also selling approximately 80 hectares of orchards in and around Kerikeri to Seeka on which it currently grows the Hayward, ENZAGold and ENZARed kiwifruit as well as Zespri Sungold varieties. T&G will however remain the trademark owner of the kiwifruit brands. T&G will also have access to fruit grown by Seeka for its existing customer-base here in New Zealand and overseas.
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