Sale strengthens company's future

COLLETTE DEVLIN
Last updated 10:11 16/06/2014

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Invercargill-based dag-crushing processor Ian Hawthorne Wools has been sold, ensuring the company's future, the former owner says.

The business was bought by New Zealand-owned and operated Tui Products Ltd, which makes, supplies and distributes garden products and seed-based pet food.

Ian Hawthorne, who owned Ian Hawthorne Wools 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, Hawthorne said. ''We have worked closely and successfully for many years with Tui's national garden supply business ... 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 recently 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 now and the sale would ensure the company's long-term viability for both customers and its 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 Mount Maunganui and Christchurch

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