Home / Knowledge / News / Textiles / Difference of opinion stalls merger of wool grower bodies
Difference of opinion stalls merger of wool grower bodies
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

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Kevin Nelson

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Mike Hoffman
Gildan Activewear SRL

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

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


news category

Related Categories:
July 2017

July 2017

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


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search