Home / Knowledge / News / Textiles / Wool Co to raise funds to acquire WSI
Wool Co to raise funds to acquire WSI
Sep '11
A new initiative has been launched by sheep farmers under the newly set up New Zealand Wool Investment Company Limited (Wool Co) to acquire New Zealand Wool Services International Limited (WSI).

Cliff Heath, Chairman of Wool Co, said the company plans to unite sheep farmers and raise a capital of NZD 40 million for the purpose.

He said Wool Co would like to be involved in all wool activities from farm gate to the shop floor. Further, the competition at the scours is important for stability of processing costs charged to farmers, and to safeguard the interests of New Zealand wool industry.

The wool scours owned by WSI are strategic wool assets and they need to be under the control of the farmers, he added.

For raising NZD 40 million, Wool Co has made an offer that is available to 'Eligible Persons' under the Securities Act 1978 and to those persons who fall within section 3(2)(a) of the Securities Act.

Currently, a 64 percent shareholding in WSI is on the market. Post successful fundraising, Wool Co wishes to negotiate an agreement for acquiring this share and taking over the management of WSI.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 22nd Feb 2017

Bangladesh exporters want duty-free access to US, Brazil

Garment and apparel exporters of Bangladesh are seeking duty-free...

Textiles | On 22nd Feb 2017

India to produce 341 lakh bales cotton in 2016-17: CAI

The Cotton Association of India (CAI) has maintained in its January...

Textiles | On 22nd Feb 2017

'India to be self-sufficient in silk production by 2020'

Indian could be self-sufficient in silk production by the year 2020...

Interviews View All

Deepak Jain

We are using Facebook and Instagram to promote ourselves

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search