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Article: Wool industry starts knitting together.
- Article from:
- New Zealand Herald (Auckland, New Zealand)
- Article date:
- July 3, 2008
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Consolidation in the wool industry is growing with listed rural services and finance company Allied Farmers selling its wool business to The Wool Company.
Allied Farmers chairman John Loughlin said the company was pleased to participate as an early mover in the consolidation of the wool industry and contribute to an initiative to grow value in the sector.
Progress was desperately needed in the wool industry, Loughlin said.
"We have to find ways to get better wool returns and we didn't see that we were going to achieve that on our own and that it was better to facilitate a sensible outcome on behalf of farmers," he said.
The wool consolidation comes in the ...