New Zealand Kiwifruit supplier Seeka Kiwifruit Industries announced last week that it is taking a 20 per cent shareholding in Opotiki Packing and Coolstorage (OPAC).
As part of the deal, OPAC which is Seeka’s second-largest investor is distributing its holding to shareholders.
The deal follows Seeka’s merger with packer Eleos. The combined group will handle more than 25 per cent of New Zealand’s kiwifruit volume.
Seeka plans to combine its fruit supplies into a new arm, Integrated Fruit Supply and Logistics, and seek a partnership with national marketer Zespri, according to New Zealand press reports.
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