February 28, 2014
Dairy investment chance for growth
Tainui Group Holdings chief executive Mike Pohio sees strong growth ahead for the tribe’s latest acquisition.
It has teamed up with Ngai Tahu Capital and Pioneer Capital Partners to buy a majority stake in Waikato Milking Systems.
Management will retain a small stake in the company, which makes a range of dairy equipment including carbon fibre rotary platforms and smart sensing technologies.
It’s the largest supplier to the New Zealand market and exports to 30 countries.
Mr Pohio says it’s a success story.
"It has responded to a sector in the New Zealand economy that is continuing to grow. The strength of management there has also continued to grow and consolidate a strong position in New Zealand. They do participate in export markets so really the purpose of our investment there was on the strength of a strong sector of the economy, good management and growth prospects," he says.
Mr Pohio says Tainui and Ngai Tahu also have an investment in Pioneer Capital, which invest in New Zealand businesses that produce high-value products for international markets.
FOR THE FULL INTERVIEW WITH MIKE POHIO CLICK ON THE LINK
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