Two post-harvest kiwifruit operators in the Bay of Plenty plan to merge to form a new grower-owned supply cooperative.
Satara Co-operative and EastPack say the merger will increase scale and improve efficiencies and quality.
A prospectus and investment statement will be issued in mid-November, and investors from both companies will vote on the merger in early December.
The merger needs support from three-quarters of investors to proceed.
Satara investors and shareholders will be offered $1.25 per share. Transactor shareholders will be given a one for one equity stake in EastPack.
