PGG Wrightson
| File:PGG Wrightson logo.svg | |
| Type | Public |
|---|---|
| NZX: PGW | |
| Industry | Pastoral |
| Founded | November 2005 |
| Headquarters | , |
Key people | |
| Products | |
Number of employees | 1,700 |
| Website | pggwrightson |
PGG Wrightson Limited (PGW) is a trusted market leading, full-service agribusiness operating across the rural supply chain throughout New Zealand for over 170 years. It was created in 2005 through the merger of Pyne Gould Guinness Limited and Wrightson Limited and has its roots in a number of stock and station agencies dating back to 1851 and Fruitfed Supplies which was originally formed in 1916 . It is one of the major suppliers to the agricultural and horticultural sectors in New Zealand providing market leading international products, and services and insurance brokerage to its customers.
PGW is clear about its strategy of driving for growth by providing its customers with sector leading expertise and innovative solutions for their farming and production needs.
PGW’s customers cover the entire rural sector from family operators through to large corporate farmers and iwi.
PGW is publicly listed in New Zealand on the NZX.
History
The result of mergers within the stock and station agency industry in New Zealand, PGG Wrightson can trace its obvious ancestry back to 1851 with the establishment of George Gould’s general store and 1861 with the establishment of Wright Stephenson & Co. Its horticultural business, Fruitfed Supplies, dates back to 1916.
Notable stock and station agencies that have merged to form PGG Wrightson include
PGG Wrightson 2005
- Wrightson NMA 1972
- Wright Stephenson & Co
- National Mortgage and Agency Company of New Zealand,[1] which had taken over Russell Le Cren and Company, and Russell Ritchie and Company[2] and Murray Roberts & Co
- Dalgety Crown 1983 bought by Wrightson NMA 1986
- Dalgety New Zealand Loan 1962
- Crown Consolidated merged with Dalgety 1983
- Pyne Gould Guinness
- Pyne & Co. Founded by FH Pyne.[3]
- Gould Beaumont & Co. founded in 1851 by Joseph Gould, George Gould and John Beaumont
- Guinness & Le Cren Ltd, founded in 1890 by Edwin Rowland Guinness and Ernest Alfred le Cren
- Reid Farmers merged with PGG 2001[4]
- Williams & Kettle, bought by Wrightson 2005
In 2011 PGG Wrightson sold its finance division to Heartland Building Society to create a single larger rural financing organisation.[5]
In May 2019 PGW sold their Seeds business, PGW Seeds, to Danish company DLF Seeds for NZD $421 million. PGG Wrightson Seeds Holdings has operations in New Zealand, Australia, and South America. Under the deal PGW and PGW Seeds entered into a long-term distribution agreement for seed and grain. PGW granted a brand licence to PGW Seeds for the continued use of the PGG Wrightson Seeds brand.[6]
Notable people
- Craig Norgate: Chairman of PGG Wrightson (and predecessor businesses) (2004–2009)
- Tim Miles: CEO of PGG Wrightson (2008–2010)[7] and former Vodafone UK CEO
- George Gould: CEO of PGG Wrightson (2010–2013) [8]
- Sir John Anderson: Chairman of PGG Wrightson (2010–2013)[9]
References
- ^ a b "Fletcher Challenge Archives". Brief History of Fletcher Challenge Limited.
- ^ Pinney, Robert. "Le Cren, Frederic and Le Cren, Henry John". Dictionary of New Zealand Biography. Ministry for Culture and Heritage. Retrieved 16 August 2015.
- ^ "PGG Wrigthson" (PDF). Archived from the original (PDF) on 15 August 2013.
- ^ "Pyne's reverse takeover lifts stake in Reid Farmers - sharechat.co.nz". www.sharechat.co.nz. Retrieved 29 December 2020.
- ^ "Heartland NZ repays NZ$92.3 million of PGG Wrightson Finance bonds after acquisition of rural lender". interest.co.nz. 10 October 2011.
- ^ "PGG Wrightson to sell seeds division for $421m". stuff.co.nz. 6 August 2018.
- ^ "Former PGG Wrightson boss gets $3m golden handshake". The New Zealand Herald. 27 September 2011.
- ^ "George Gould departure as PGW head flagged".
- ^ "PGG Wrightson chairman steps down".
