Displaying items by tag: EastPack

EastPack, a post-harvest operator within the Kiwifruit industry, has been named Co-operative of the Year at the 2022 Co-operative Business NZ Awards.

Kiwifruit and Avocado packhouse, EastPack has announced its intentions to raise $30 million via an issue of five-year subordinated notes to New Zealand investors.

Eastpack Limited, the country's largest grower-owned post-harvest kiwifruit supplier announced a net profit after tax of $12.9 million for the year - up from $4.7 million in 2019.

A massive $50 million spend on new infrastructure and technology by one of the country’s largest kiwifruit packhouses is an example of the rising efficiencies in the industry seen as the shining light of the primary sector.

The stalled merger proposal between EastPack and Satara is now back on the table after the Satara Board of Directors unanimously agreed to ask their shareholders in one of the special interest groups for a second vote.

Shareholders of post harvest kiwifruit operators EastPack and Satara are being asked to approve a merger of the companies following the signing of a merger implementation agreement today (February 4).