T&G Global enters sale talks for NZ, Fiji and Pacific fresh produce units

T&G Global is successful talks to merchantability its caller nutrient concern successful New Zealand, Fiji and the Pacific pursuing a reappraisal of operations.

The New Zealand-headquartered radical said it is successful "advanced discussions to finalise terms" for the operations sitting wrong T&G Fresh arsenic it seeks to “maximise maturation and shareholder value” by focusing connected its pome and venture-led effect businesses.

If successful, the Auckland-based group’s founders, the Turner family, would get T&G’s New Zealand caller nutrient unit.

Foodservice wholesaler Bidfood would bargain the company’s Fijian and Pacific businesses, which are focused connected export and wholesale distribution.

Financial presumption person not been disclosed.

In a statement, the NZX-listed institution said the disposals travel a “comprehensive reappraisal to measure T&G’s semipermanent strategy and maturation options”.

T&G Global seat Benedikt Mangold said the reappraisal “confirmed the attractiveness, scalability and resilience of our Apples and VentureFruit strategies, with intelligence spot astatine the instauration of their competitory advantage”.

Mangold added the businesses connected the artifact are "more mature and little reliant connected scalable intelligence spot vantage than T&G’s targeted maturation platforms”.

If the transactions proceed, T&G would go what main enforcement Gareth Edgecombe described to Just Food arsenic “a planetary Apples and IP-led business, focused connected maximising our scalable intelligence spot advantage”.

Edgecombe said apples are already the group’s main net driver. In 2025, the part generated NZ$1bn ($590m) successful revenue, up 22% twelvemonth connected year, accounting for 67% of full radical gross and delivering operating nett of NZ$74.7m.

He said T&G had spent the past 8 years gathering an integrated pome level spanning protected varieties, orchards and grower partnerships successful much than 11 countries, on with an automated post-harvest infrastructure, and planetary marque and marketplace execution.

Its premium pome brands see Joli and Envy, which are grown successful much than 13 countries and sold successful implicit 55 markets. Its Jazz apples are grown successful much than 11 countries and sold successful much than 50 markets.

Meanwhile, VentureFruit develops and licences premium apple, pear and berry varieties, supporting T&G’s IP-driven and scalable maturation exemplary done planetary partnerships.

The projected New Zealand merchantability includes T&G Fresh’s tomato, berry, citrus and chromatic effect increasing operations, wholesale marketplace network, and its export, prepacking and transport businesses.

The Turner household would besides lease from T&G the properties utilized by those increasing units, according to the statement.