New Zealand’s Mr. Apple parent company to be sold
Goldman Sachs & Partners New Zealand has been selected to manage the sale of assets, including Mr. Apple, under South Canterbury Finance, which went under in August, Business Day in New Zealand reported.
Mr. Apple is one of New Zealand’s largest producers, packers and exporters of apples. It is a part of Scales Corporation Limited, one of the companies that will be sold, the news website reported.
Bids for South Canterbury Finance were rejected by receivers in late August and mid-September, the New Zealand Herald reported.
Mr. Apple holds 20 orchards, 3 packing houses, a cold storage facility and averages 3 million to 3.5 million boxes per year, according to Mr. Apple’s website. Local media outlets reported earlier this month that a New Zealand buyer was unlikely and that foreign ownership of the company worries residents.