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Article: NZ Merino Company takes on finer wool business; PGG WRIGHTSON
- Article from:
- The Press
- Article date:
- June 11, 2008
- Author:
CopyrightCopyright 2008 The Press. Provided by ProQuest LLC. (Hide copyright information)
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Sheep farmers will no longer sell wool directly to PGG Wrightson,
after it sold its remaining wool business to its joint venture The
New Zealand Merino Company (NZM).
PGG Wrightson announced yesterday it had sold the finer edge of
its mid-micron business for an undisclosed price, after announcing
last month it was moving the rest of its wool business to The Wool
Company, a new marketing company it formed with farming co-
operative Wool Grower Holdings.
PGG Wrightson Wool general manager Kevin Winders said The Wool
Company would be focused on selling strong wool into the flooring
and rug market and NZM was focused on apparel, which was more suited
to its finer edge mid- micron wool.
PGG ...