Rangatira Investments
As the major shareholder in iconic New Zealand smallgoods manufacturer Hellers, we are very pleased to inform you that Hellers has acquired Moira Mac’s, a leading Australian manufacturer of chilled, ready-to-eat poultry.
Moira Mac’s was established in regional Victoria in 1983 and has grown to become a significant player in Australia’s poultry industry with over A$40m in sales per annum. It supplies major retailers, foodservice and convenience food manufacturers all over Australia.
Moira Mac’s is a key part of Hellers’ Australian growth strategy providing a platform to build on, that can be scaled up to establish an expanded presence in the Australian market.
Moira Mac’s has a great culture, a highly experienced and long-serving management team, exciting growth opportunities and through investment in its manufacturing capability, additional capacity for growth.
ENDS
For further information, please contact:
John McWhirter | Chief Executive Officer | Hellers | 03 375 5017
About Rangatira Limited
Rangatira is a Wellington-based investment company with shareholders’ funds of over $380m million. Established in 1937, the Company is 43.6 per cent owned by the JR McKenzie Trust with other community and charitable organisations owning another 15 per cent of the shares. The balance of the shares is owned by private investors. Rangatira’s mission is to increase both the capital value of its shares and the dividends paid to its shareholders by investing creatively and competitively.
Rangatira has built a portfolio of local and international investments across a wide range of sectors. The Company has pursued a policy of investment in small to medium-sized unlisted New Zealand companies, complemented by holdings in a range of publicly listed New Zealand and international companies. All investments have been made taking a long-term position in companies that are well founded and well managed with good growth potential.
Rangatira is strictly commercial in its investment approach and benchmarks its performance against the wider investment community.
Rangatira will continue to explore investment opportunities across a range of business sectors. We aim to add value to our unlisted investments by actively contributing at management and board level, recognising the need to combine high standards of governance with sound management and a clear focus on growth and profitability.
Rangatira’s shares are listed and traded on the Unlisted market (usx.co.nz).