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Article: Christchurch rural firm snaps up AgCentral; PGG WRIGHTSON
- Article from:
- The Press
- Article date:
- March 15, 2007
- Author:
CopyrightCopyright 2007 The Press. Provided by ProQuest LLC. (Hide copyright information)
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Christchurch's PGG Wrightson has bought AgCentral, a North Island
farm supplies business.
The listed rural services firm yesterday announced the purchase of
the farm supplies business serving 118 co- operative members of Tatua
Co- Operative Dairy Co.
Chief executive Barry Brook said the purchase, for an undisclosed
price, came ahead a number of other prospective purchases. Besides
being a purchase, it signalled a partnership between PGG Wrightson
and Tatua, based around the processing site in Tatuanui, near
Morrinsville.
PGG Wrightson had no intention of entering the milk processing
sector, as signalled by meat processor Affco earlier in the week,
Brook said.
Affco plans to open four ...