SEK
28/08/2015 14:55
ASSET
NOT PRICE SENSITIVE
REL: 1455 HRS Seeka Kiwifruit Industries Limited
ASSET: SEK: Seeka completes acquisition of Australian business Bunbarth
Seeka Kiwifruit Industries Limited [NZX:SEK]
NZX/Media Release Date: 28 August 2015
Seeka completes acquisition of Australian business Bunbartha Fruit Packers
Further to its announcements on 5 August and 24 August 2015, Seeka Kiwifruit
Industries Limited ("Seeka") is pleased to confirm that it has completed the
acquisition of the kiwifruit and orcharding business and assets of Australian
company Bunbartha Fruit Packers Pty Ltd and its associated entities.
For further information please contact:
Michael Franks Seeka Chief Executive 021356516
Stuart McKinstry Seeka Chief Financial Officer 0212215583
-ENDS-
Seeka snapshot
Seeka is a NZX-Listed produce company headquartered in Te Puke, the primary
foundation business of which is kiwifruit. Seeka's kiwifruit operations span
from Kerikeri to Maketu processing fruit from Northland to as far afield as
Waihao Bay, Mohaka and Hawke's Bay. In addition, Seeka grows, processes and
markets avocados, kiwiberries and kiwifruit to Australia and sells limited
volumes of kiwifruit to other countries through the collaborative marketing
mechanism. The brand "SeekaFresh" has established a strong reputation for
quality in these markets. Seeka also imports, ripens and distributes bananas
and tropical fruits from the Philippines and South America within New Zealand
and holds the New Zealand agency for Sumifru.
Seeka's vision is to be New Zealand's Premier Produce Company. Seeka's goal
is to deliver long term growth and value to its shareholders and
stakeholders. This is through targeted strategic growth within the current
core business along with strategic acquisitions that deliver incremental
value and growth. At the same time Seeka continues to review its asset and
business mix to ensure that its current business assets fit within its
strategy. Seeka's strategy is to "grow, harvest and deliver through an
integrated supply chain".
Seeka is close to its stakeholder growers and shareholders. It operates a
lean management structure. It has committed people, clear structures and
defined roles and accountabilities. It rewards delivered performance by its
people.
Seeka aims to generate total shareholder returns better than the average of
the NZX50.
End CA:00269279 For:SEK Type:ASSET Time:2015-08-28 14:55:25
