RJ’s signs conditional agreement to acquire local brands

Published: Thu 12 Jul 2018 09:37 AM
RJ’s signs conditional agreement to acquire local brands, ensuring jobs remain in NZ
Iconic New Zealand confectionery brand, RJ’s, has entered into a conditional agreement with Nestle NZ to acquire a stable of iconic New Zealand brands including Black Knight, Fabulicious, Heards, Mackintosh, and Oddfellows.
As part of the planned acquisition, the Lifesavers brand will be purchased by its sister company Darrell Lea in Australia.
The deal will strengthen RJ’s position as one of the largest confectionery manufacturers in NZ with operations based in Levin.
The RJ’s management team plan to work closely with Nestle on a manufacturing transition plan that will see products transferred by the end of 2018. Tim York, CEO of RJ’s said “We are really excited about this acquisition. It gives RJ’s greater strength within the confectionery category and broadens our confectionery offer beyond the licorice segment.”
Mr. York added “RJ’s has a place in the hearts of all New Zealanders and over the last 5 years we have seen the business double in size due to strong domestic and export growth in the USA, Canada and the UK. We are passionate about New Zealand manufacturing & this conditional acquisition will increase our manufacturing presence in NZ”.

Next in Business, Science, and Tech

Auckland-Chicago named a top 10 ‘most exciting’ new route
By: Air New Zealand
ESR ups its reporting on Meningococcal disease
Game-changing technology for 3D printing tiny structures
By: KiwiNet
Major infrastructure partnership for North Auckland
By: New Zealand Government
Meningococcal W – Expert Reaction
By: Science Media Centre
Increased vigilance needed for meningococcal disease
By: Ministry of Health
Raising meningococcal disease awareness amongst doctors
By: Northland DHB
Tragic suspected meningococcal disease death
By: Northland DHB
Antibiotics, advice after meningococcal death
By: Auckland Regional Public Health Service
Kiwi Parents Urged to Immunise Infants & Teens
By: GlaxoSmithKline
ASA decision on anti-vax billboard
By: Advertising Standards Authority
Housing a springboard to whānau development
By: New Zealand Government
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media