[30 April/Farmers Weekly]

T&G will sell its kiwifruit orchards, packhouse facilities and assets to Seeka. The deal is worth about $40 million. Seeka recently sold out its shares in Zespri Group after opposing constitutional changes that tied shareholdings to trays of fruit produced. T&G will still have access to fruit grown by Seeka for its existing customers in New Zealand and overseas. The deal is subject to Overseas Investment Office approval if required. Seeka Chief Executive, Michael Franks, said the company identified the Kerikeri region as a growth area for both avocados and kiwifruit. He added that they anticipated increased demand for kiwifruit as growing conditions had proven favourable, particularly for gold varieties. T&G Executive General Manager, Andrew Keane, said their Northland berry and citrus operations were not included in the sale as they were investing further into those growth categories. He noted they had land ready for development.