Seeka invests in avocado orchard
Seeka media release
Media contact:
Kim McFadden, Marketing and Communications Manager, Seeka
027 202 9298, kim.mcfadden@seeka.co.nz
SEEKA SECURES NORTHLAND AVOCADO JEWEL
Te Puke, 20 October 2017: Today Seeka Limited [NZX:SEK] announced the purchase of
Northland avocado orchard, Shirttail Orchard in Pukenui, Houhora, New Zealand which it will
jointly own along with two other parties. The orchard will be renamed and operate as Rising
Sun Orchard Limited.
The 28 hectare evenly contoured orchard has a proven high avocado production history. As
part of the transaction, Seeka has also agreed to purchase an adjacent property for
development, with up to six hectares for additional planting. Both the orchard and
development property will continue to be managed by the existing owner and all staff have
been retained, although now employed by Seeka.
Michael Franks, Seeka’s CEO, outlines that the purchase was an important step in
expanding Seeka’s integrated avocado business. “This acquisition, of one of the best
avocado orchards in Northland, compliments Seeka’s existing supply in the area. We will
continue to actively look for orchard investments in the Far North.”
Franks explains that Seeka had strong demand in 2017 with its wholesale and retail avocado
programmes in Australia and export and marketing programmes to Japan and Korea.
“Seeka operates at every part of the supply chain, as a grower, as the harvester and post-
harvest packer, and as the marketer. Our brand has a reputation for premium quality and is
sought after in key markets, and this quality focus translates to superior returns for our
growers.”
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About Seeka [NZX:SEK]: Seeka grow and supply tasty and nutritious produce to the world.
An international business based in Te Puke, New Zealand, Seeka is the leading provider of
integrated orchard to market services for fresh produce including kiwifruit and avocados.
Rising Sun Orchard Limited, Northland, New Zealand
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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