T&G Global explores potential sale amid outside interest

T&G Global, the New Zealand-based fruit and vegetable exporter, has confirmed it has received multiple expressions of interest regarding a potential sale.

The announcement follows majority shareholder BayWa AG’s decision in late 2024 to reduce its international investment exposure. BayWa, which owns about 74 percent of T&G, has not yet committed to selling its stake.

According to reporting by the New Zealand Herald, potential suitors include ROC Partners and Macquarie Asset Management. ROC is reportedly considering a breakup of the business, while Macquarie may view T&G as a potential addition to its Fresh Produce Group portfolio.

T&G has engaged Craigs Investment Partners to evaluate strategic options and has begun sharing preliminary business information with interested parties. The company has emphasized that it is too early to determine whether any sale will proceed. T&G is currently valued at around NZ$220 million, with its apple division generating the bulk of its revenue.