T&G Global to sell New Zealand fresh produce, Fijian and Pacific Islands export businesses

Auckland-based T&G Global has agreed to sell its T&G Fresh business through three transactions:

In the first, Bidfood Pacific Islands Limited, a subsidiary of Bidfood Limited, will acquire the company’s Fijian and Pacific Islands export businesses. This sale is expected to complete on 1 September 2026.

The second transaction will have Pukekawa Holdings Limited and Ashsadeep Company Limited, current minority shareholders in Unearthed Produce Limited (UPL), acquiring the firm’s 51 percent shareholding in UPL. This sale is expected to complete on 31 July 2026.

Finally, in the third transaction, J & P Turner Limited, through its wholly owned subsidiary Turners & Growers Limited (TGL), will acquire the company’s New Zealand fresh produce business. There’s no set date for the completion of this deal yet, as it requires clearance from the New Zealand Commerce Commission.

“We have run a highly competitive sales process for the sale of T&G Fresh, with multiple interested bidders, and we are confident the three transactions deliver the optimum value for shareholders,” said TGG Chief Executive Officer, Gareth Edgecombe.

In a press release published on July 31, the executive explained that the sale involves separating various T&G Fresh business units, but said each is being acquired by “high-quality investors with strong strategic fit.” 

He added that the sale didn’t consider the Australian blueberry farm and associated marketing and trading business, which are being strategically retained and reintegrated into VentureFruit.

“Overall, despite realizing an impairment of the T&G Fresh assets retained with the sales, the combined value of sale proceeds and of the assets retained is broadly in line with holding value, as estimated by our Board and Craigs Investment Partners Limited,” Edgecombe added. 

A new strategic position for T&G Global

According to TGG Chair Benedikt Mangold, the decision to sell the New Zealand unit is part of the company’s broad long-term strategy to focus on its global premium IP-led Apples and VentureFruit platforms. 

This plan is set on the positive performance of the global premium fresh fruit category, which Mangold said was valued at $89 billion in 2025. Meanwhile, the premium apples segment is worth $13 billion and growing at an eight percent CAGR through 2030. 

“Divesting T&G Fresh allows us to concentrate our focus and capital on our Apples and VentureFruit businesses, which are well positioned to increase market share and maximize shareholder value,” Mangold explained.

The executives say TGG's performance continues strongly across all business units in 2026. The company will provide interim results for the first half of the year on 7 August.

*All images courtesy T&G Global | Archive. 

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