Rangatira Ltd
Registered Office Address
James Cook Arcade, Level 6
296 Lambton Quay
Wellington
Directors
GEARY, Norman
GIBSON, Douglas
McKENZIE, Peter
History
Incorporated: 14-DEC-1937
A long established, Wellington investment company founded by
John Robert McKenzie (later Sir John), who also founded the
"McKenzies" chain of department stores.
Rangatira seeks to make equity investments in New Zealand
companies that can demonstrate acceptable rates of return.
The level of investment in an individual company will
usually fall between $1 million and $15 million. Rangatira's
primary investment focus is on businesses in their middle
development stages.
Major Shareholders
J R McKenzie Trust - ?%
Shares on Issue
Unknown
Ownership Restrictions
Unknown
Share Registry
Unknown
Major Assets
Auckland Packaging Company - ?%
Polynesian Spa - ?%
Kapiti Cheeses - 40%
Te Kairanga Wines - 28%
Vita NZ - 50%
Tru-test Ltd - ?%
Website
News
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06.06.03 - NBR
Unlisted Wellington investment company Rangatira reported a 47% lower $5.1 million March-year
profit. Operating earnings rose by 65% to $3.9 million but the value of its listed and
unlisted investments fell.
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4th June 2002 - NZUM
Rangatira, the Wellington based investment company, has posted an increase in profit. The
$9.6 million profit for the year to March 2002 was due to an "excellent" year according to
Company Chairman Norman Geary.
Directors have recommended a final dividend (tax paid) of 19c per share. A special untaxed
dividend of 5c per share was also declared. The record date for the dividend payout is June
14, with the payment on June 24.
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28.01.2002 - NZUM
Rangatira Ltd has become a cornerstone shareholder in Te Kairanga Wines Ltd having bought
500,000 shares at $5 giving a stake of 25%.
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5th December, 2000 - Scoop
STRONG INVESTMENT IN FUTURE OF KAPITI CHEESE
Award winning cheese makers, Kapiti Cheeses Ltd are on the expansion trail with an injection
of $2.2 million in equity funding from Wellington based investment company Rangatira Ltd.
Subject to shareholder approval, the final deal will give Rangatira approximately 40% of
Kapiti�s ordinary share capital.
This new investment will fund a major $3.5 million expansion of production facilities at
Kapiti Cheeses� Paraparaumu plant. Currently this plant, known as Te Tihi Pataka (The Cheese
Storehouse) is a large modern facility for maturing, conditioning and packing cheese, making
premium ice cream and co-ordinating the company�s distribution and administration. The
proposed extensions to this plant will create a new cheese factory and enable Kapiti Cheeses
to treble its current production.
Chairman of Kapiti Cheeses, John Butterfield says the company is delighted with the finance
for expansion from Rangatira given their enviable track record of successful involvement in
New Zealand companies. �This agreement and the expanded plant will strengthen our position as
New Zealand�s pre-eminent independent producer of speciality cheese and super premium ice
cream�.
According to Mr Butterfield the new development not only increases production capacity of
existing products but provides for further product innovation and enhancement of the process
of affinage (cheese maturation) which is at the heart of the Kapiti Cheese business.
Chairman of Rangatira Ltd, Mr Norman Geary says, �Rangatira is pleased to be joining Kapiti
Cheeses as a cornerstone investor. We recognise Kapiti as one of New Zealand�s best known and
highly awarded dairy food manufacturers. We are looking forward to participating in the
future growth of Kapiti Cheeses, both in New Zealand and internationally�.
Kapiti�s managing director, Ross McCallum describes the current domestic market as �buoyant�
as a direct result of a growing New Zealand passion for speciality cheeses and small
indulgences like premium ice cream.
�We are enjoying strong growth domestically, says McCallum. �With much greater capacity in
2001, we look forward to continuing to build our export markets and increasing the portion
pack business with international airlines�.
Kapiti products are exported widely in the Asia Pacific region including Japan, China,
Singapore, Malaysia, Bali, Fiji, Australia, Tahiti and the USA.
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Friday 24th March 2000 - National Business Review, by Chris Hutching
Health company deal a boost to Ebos turnover
Christchurch-based Ebos Group is consolidating its strategic links at home before refocusing
on its Australian interests.
The medical supplies specialist is one of the top-five yielding companies on the Stock
Exchange and last year doubled its size with the purchase of Australian medical wholesaler
Richard Thomson Pty.
Next week it holds a special meeting for shareholders to ratify the purchase of Auckland
based Medic Corporation, which will boost Ebos Group sales from $70 million to more than $100
million.
And according to a well-placed market source, Ebos is also poised to increase the 50% stake
it bought last year in another Auckland company, Health Support Ltd, which has annual
revenues of $90 million and key shareholders including Auckland Healthcare and Waitemata
Health.
Equity accounting would see the turnover of Ebos Group boosted to around $150 million.
Meanwhile, the acquisition of Medic will be achieved by issuing 3.5 million shares worth
about $12 million to Medic's owner, Wellington-based investment group Rangatira Ltd, making
it the second-largest shareholder in Ebos after director Peter Kraus who has 30%.
Ebos managing director Mark Waller said Mr Kraus was supportive of the new cornerstone
shareholder Rangatira.
He said Medic and Ebos had complementary brands but would continue to run two separate sales
and marketing operations to retain their own focus.
"There are pretty substantial back office efficiencies we'll be making but in our experience
when you throw everything in one big pot you lose direction. Medic is involved in the dental
sector and Ebos has strengths in other areas. We'll amalgamate some things.
"What we're trying to do is no different from what Giltrap has been doing in the motor
industry where he has a Mercedes franchise in one place and Volvo in another but behind the
scenes he's doing all the back office accounting and financing.
"Our Australian plans have gone as we planned. It's still our strategic focus but there are
some fantastic opportunities in New Zealand that will eventually allow us to achieve our
goals in Australia in a bigger way than we might otherwise be able to do."
Mr Waller said Health Support controlled important distribution channels and had key
relationships with Ebos competitors including multinational companies. The deal has taken 18
months of talking and nine months of serious negotiation. Health Support is a wholesaler to
the hospital market, acting as a warehouse for new hospitals.
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