Navis buys New Zealand egg producer Mainland Poultry
Navis Capital Partners has agreed to buy a majority stake in New Zealand-based egg producer Mainland Poultry. The size of the deal was not disclosed but local media reports put it at NZ$300-350 million ($207-242 million).
Mainland was founded in 1998 and is controlled by Michael Guthrie, Jeff Winmill and Murray Valentine, who put the business up for sale because a sizeable capital injection was required to upgrade equipment...
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