Friday, 01 August 2014 09:53

Elders NZ sale complete

Written by Pamela Tipa

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THE SALE OF the Elders New Zealand (Elders) business to South Island based Carr Group has been completed following the sale announcement on June 20.

Elders managing director Stu Chapman and Carr directors,Greg and Craig Carr have been travelling New Zealand meeting with Elders staff and clients to discuss what bringing together two strong agri-businesses will mean for the rural community into the future.

"The feedback we have received from both Elders staff and current clients has been overwhelmingly positive" says Chapman. "The rural sector is very encouraged about the 100%New Zealand ownership and is keen to embrace a new Kiwi brand moving forward".

Carr Group managing director, Craig Carr said "I am looking forward to working with both companies under one entity and joining forces with Stu Chapman to create a robust rural business. We will continue to look for synergies across the combined group and are working on growth plans to support our vision. The Elders staff both Greg and myself have met with have been extremely encouraging and supportive of the sale"

The Elders business will continue to trade under the Elders brand for the foreseeable future with Chapman continuing on in his role as managing director.

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