Home / Knowledge / News / Textiles / Difference of opinion stalls merger of wool grower bodies
Difference of opinion stalls merger of wool grower bodies
24
May '10
On account of differences of opinion stemming from the business partners of their respective commercial arms, two farmer's wool bodies have not been able to reach a consensus and initiate a merger.

Former Meat and Wool New Zealand Chairman, Jeff Grant is trying to broker a merger or any other working relationship between two farmer-owned wool co-operatives, Wool Grower Holdings (WGH) and Primary Wool Co-operative.

But the varied business perspectives and motives of their partners; Wool Partners International (WPI) of Wool Grower Holdings and Elders Primary Wool of Primary Wool Co-operative are stalling the merger.

WPI is co-owned by WGH and PGG Wrightson and the farmers attached to WGH want full control of WPI and PGG Wrightson is in full agreement for divesting its take in WPI to WGH.

However, Elders Primary Wool is of the opinion that, they don't see grower ownership and control as important, which is in direct contrast to the views of WGH.

These diverse views are mainly stalling the merger talks and there is all likelihood that if they do not fruity within the next few days, WGH would go ahead with taking over a full controlling stake of WPI.


Fibre2fashion News Desk - India

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Eamonn Tighe
Nature Works LLC

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


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