A family-owned business in Canterbury has acquired a major malt production site in Ashburton from a French multinational company that is leaving New Zealand. The deal marks a shift in the local grain industry, with the family firm taking over operations at the site previously managed by the international company.
The French company, which had been operating in New Zealand for several years, has decided to exit the market, citing strategic realignment. The family business, based in Canterbury, has confirmed it will continue malt production at the site, maintaining employment and local supply chains.
This acquisition follows a trend of international companies scaling back operations in New Zealand, particularly in the agricultural and food processing sectors. The local family business has emphasized its commitment to sustaining the region’s food production capabilities and supporting local farmers. The transition is expected to be smooth, with the new owners planning to maintain current production levels while exploring opportunities for growth.
