for the World's
Agriculture Industry
Since 1988
For full site access
Lost Password?
Customer Center
Trade Directory
Special Crops
Beans
Lentils
Peas
Chickpeas
Birdseed
Mustard & Other
Spices & Herbs
Dried Fruit & Nuts
Supply-Demand
The rest of Agriculture
Bio-Energy
Commentary
Grain
Oilseed
Livestock
Poultry
Cotton & Wool
Fresh Fruit & Vegetables
Dried Fruit & Nuts
Dairy
Technology
General
Organic
Just for Growers
Cash Markets
Futures Markets
Weather
Price Graphs
Export Data
Supply-Demand
Subscribe Today!
Privacy Policy
Subscriber Agreement
Ag Links
Affiliates
Add Headlines!
To your website!
Heinz Sells New Zealand Poultry Processor
SYDNEY - Apr 10/06 - SNS -- H.J. Heinz Company completed the sale of its Auckland, New Zealand-based poultry business, Tegel Foods, to Pacific Equity Partners for around NZ$250 million or U.S. $165 million.
First announced on December 22, 2005, the transaction is part of Heinz's strategy to divest non-core businesses in order to focus on growth in its core categories: Ketchup & Sauces, Meals & Snacks, and Infant Nutrition.
Tegel is a leading processor of fresh poultry and animal feeds. It markets Tegel(R) brand chilled and frozen chicken and turkey products and owns processing plants, feed mills and livestock operations throughout New Zealand. Tegel was purchased by Heinz in 1992.
|
Subcribers get complete access to all articles and special sections on the STATpub website. To subscribe just click on Subscribe Now! Add AgMarket News headlines Use of Information Copyright © 1988-2008 STAT Communications Ltd., Canada. All Rights Reserved. This information may not be republished in part of in full in any form whatsoever without the prior written consent of STAT Communications Ltd. The article on this page may not be harvested and reprinted on any website. However, we encourage links back to this or any other public article on our website. Disclaimer The information in this article is provided without any warranty of any kind whatsoever. By accessing this service, you agree that STAT Communications Ltd. will not be liable for any expenses, losses or costs that may be incurred by the interpretation and use of the information in this website, nor as a result of the information on this site being inaccurate or incomplete in any way. |