Southland-based dag-crushing business sold
Invercargill-based dag-crushing processor Ian Hawthorne Wools has been sold.
The business was acquired by New Zealand-owned and operated Tui Products Ltd - a manufacturer, supplier and distributor of garden products and seed-based pet food.
Ian Hawthorne, who owned the business for 37 years, said he had been in negotiations for about a year before making the decision to sell.
The timing was right for both parties, he said.
"We have worked closely and successfully for many years with Tui's national garden supply business, which has interests in the use of the waste stream from the wools plant. We believe Tui will be a good fit as owner of the business."
The business was the largest of its kind in the South Island, working from Blenheim down to Southland, he said.
Tui Products had entered the home products market with the release of Tui Firestarters and Briquettes.
Hawthorne said the milled wood briquette materials had come from an Invercargill timber business.
It would be business as usual at Ian Hawthorne Wools for the foreseeable future and the sale would ensure long-term viability for its customers and three staff, he said.
He would continue to work with the business during a handover period before retiring.
Tui Products was established more than 100 years ago and has grown since 2002 under new ownership and new business structure.
It remains privately owned and operated and employs 75 people in Mt Maunganui and Christchurch.
- The Southland Times