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- Release Date: 05/05/14 16:41
- Summary: ASSET: SAN: Sanford Limited - Continuous Disclosure
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SAN
05/05/2014 14:41
ASSET
REL: 1441 HRS Sanford Limited
ASSET: SAN: Sanford Limited - Continuous Disclosure
Sanford Limited has agreed the terms of a non-material acquisition. The
press release regarding that acquisition is attached for completeness.
PRESS RELEASE: 5 MAY 2014
Sanford Acquires Greenshell NZ
Sanford Limited has reached conditional agreement for the purchase of the
Coromandel, NZ based business assets of Greenshell NZ Limited and Greenshell
Investments Limited with the companies' receivers, KordaMentha.
Sanford CEO, Volker Kuntzsch said these assets were a strategic fit for
Sanford's aquaculture business as they allow for improved supplies from a
wider geography.
Sanford will be working with the farmers and existing staff to ensure the
growing and harvesting operations continue seamlessly.
Completion of the purchase is expected to occur later this week.
Volker Kuntzsch
Chief Executive Officer
Sanford Limited
Phone: +64 27 527 4858
www.sanford.co.nz
End CA:00250106 For:SAN Type:ASSET Time:2014-05-05 14:41:38
