Home / Knowledge / News / Textiles / PGG Wrightson sells stake in NZ Merino to farmers
PGG Wrightson sells stake in NZ Merino to farmers
Jun '11
PGG Wrightson Limited has announced the conditional sale of its 50% shareholding in The New Zealand Merino Company Limited (NZ Merino) to Merino Grower Investments Limited (MGIL), which will put 100% of the company in the hands of its grower shareholders.

The transaction is conditional on, among other things, MGIL shareholder approval. On the basis that MGIL shareholder approval and other conditions are confirmed it is expected settlement will take place on 30 June 2011.

PGG Wrightson Managing Director, George Gould, said the agreement supports the vision of merino growers to determine their own destiny through gaining outright control of NZ Merino.

The $7,625,000 purchase price for PGG Wrightson's 50% shareholding in NZ Merino was based upon an independent valuation prepared by PricewaterhouseCoopers.

PGG Wrightson draws on the knowledge and expertise of more than 2,000 employees around the globe to meet the needs of more than 50,000 clients across New Zealand and globally serviced through it's growing footprint in Australia and South America.

PGG Wrightson Limited

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Pinkesh Jain
Everflow Petrofils Ltd

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

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

October 2016

October 2016

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


Browse Our Archives


Advanced Search