T&G Global Limited has agreed to sell its T&G Fresh business through three transactions.
In New Zealand, sale and purchase agreements have been entered into with the Turner family for TGG’s New Zealand fresh produce business, which is subject to Commerce Commission clearance. The Turner family will lease from TGG the properties from which relevant growing units operate.
Sale and purchase agreements have been entered into with Bidfood for T&G’s Fijian and Pacific Islands export businesses and with Pukekawa Holdings Limited and Ashsadeep Company Limited (or nominee) for T&G’s 51 percent shareholding in Unearthed Produce Limited.
TGG Chair, Benedikt Mangold, said the decision to sell T&G Fresh was part of the Company’s broad long-term strategy to focus on its global premium IP-led Apples and VentureFruit platforms.
With the global premium fresh fruit category worth USD 89 billion in 2025, and the premium apples segment worth USD 13 billion and growing at 8 percent CAGR out to 2030, TGG’s Apples and VentureFruit businesses were strategically placed to capitalise on these very attractive growth opportunities.
“By divesting T&G Fresh, it allows us to concentrate our focus and capital on our Apples and VentureFruit businesses, which are well positioned to increase market share and maximise shareholder value,” said Mangold.
TGG Chief Executive Officer, Gareth Edgecombe, said the sale of T&G Fresh provided a strong future for this iconic business, while firmly positioning T&G Global for considerable growth.
“We have run a highly competitive sales process for the sale of T&G Fresh, with multiple interested bidders, and we are confident the three transactions deliver the optimum value for shareholders,” said Edgecombe.
The sale has involved separating various T&G Fresh business units, with each being acquired by high-quality investors with strong strategic fit.
Not all of T&G Fresh is currently being sold; the Australian blueberry farm and its associated marketing and trading business are being strategically retained and reintegrated into VentureFruit, while certain property assets will be leased to the Turner family at market rates.
Overall, despite recognising an impairment of the T&G Fresh assets retained with the sale, Edgecombe said the combined value of the sale proceeds and the assets retained is broadly in line with the holding value, as estimated by the Board and Craigs Investment Partners Limited.
Across all business units, TGG has continued to perform strongly in 2026, and will update the market on its interim results.
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