Halter raises $165m, company valued at $1.65b
New Zealand tech company Halter has raised $165 million from investors in its latest fundraising round.
The chief executive of Taupo-based dairy company, Miraka – Karl Gradon - has stepped down from the role for personal and family reasons.
The Miraka board says it has begun a search for his replacement who will lead the company into its next phase of growth. Miraka chief operating officer, Richard Harding has been appointed as acting chief executive.
Gradon says that leading Miraka for the past three years has been a rewarding experience both professionally and personally.
“I am deeply proud of what we have accomplished together as a whanau and business. I am confident in the company's continued success,” he says.
“Our shareholders bestowed a set of values that I personally admire, and I look forward to seeing this values-based approach continue to flourish through the generations as our founders intended."
Miraka remains committed to its mission of producing high-quality dairy products for global export, while upholding the values and traditions of its Maori heritage.
Miraka chair Bruce Scott acknowledged Gradon’s contribution to Miraka’s recent growth and success during the past three years to his leadership and efforts resetting the business for future success.
“Karl Gradon has successfully navigated Miraka through a significant period of change, leading the reorganisation of the business to set Miraka up for long-term, intergenerational success, as was envisioned by our founding leaders and shareholders,” says Scott.
“There are many successes and wins we attribute to Karl’s leadership. This includes building a strong senior leadership team, evolving from single products to optimising customer focus and our portfolio of value-added products.”
Scott says in a short period of time, Gradon has diversified the business model, customer offerings and base.
In the milk supply arena, he has protected and grown Miraka milk supply as well as significantly improving the company’s supplier engagement.
“He was always guided by our core Miraka values, and Tikanga Miraka – the way we conduct ourselves as people, and as a business.
“The Miraka whanau is deeply grateful to Karl for his personal commitment and leadership, navigating Miraka through strong headwinds in globally and fiscally challenging times. Karl did so with mana, vision and dedication.
“Living away from his whanau for the past three years has been a significant challenge and with the successful repositioning of the business for the future, Karl is able to prioritise himself and his family, having created an enduring legacy. We wish Karl all the very best for the future,” Scott says.
Newly elected Federated Farmers meat and wool group chair Richard Dawkins says he will continue the great work done his predecessor Toby Williams.
Hosted by ginger dynamo Te Radar, the Fieldays Innovation Award Winners Event put the spotlight on the agricultural industry's most promising ideas.
According to DairyNZ's latest Econ Tracker update, there has been a rise in the forecast breakeven milk price for the 2025/26 season.
Despite the rain and a liberal coating of mud, engines roared, and the 50th Fieldays Tractor Pull Competition drew crowds of spectators across the four days of the annual event.
Nationwide rural wellbeing programme, Farmstrong recently celebrated its tenth birthday at Fieldays with an event attended by ambassador Sam Whitelock, Farmers Mutual Group (FMG), Farmstrong partners, and government Ministers.
Six industry organisations, including DairyNZ and the Dairy Companies Association (DCANZ) have signed an agreement with the Ministry for Primary Industries (MPI) to prepare the country for a potential foot and mouth outbreak.
OPINION: It's official, Fieldays 2025 clocked 110,000 visitors over the four days.
OPINION: The Federated Farmers rural advocacy hub at Fieldays has been touted as a great success.