PGG Wrightson: Difference between revisions

PGG Wrightson Limited
Company type	Public
Traded as	NZX: PGW
Industrie	Pastoral
Gegründet	November 2005
Hauptsitz	Christchurch, Neuseeland
Key people	Stephen Guerin (CEO)
Produkte	Stock and station agent
Number of employees	2,100
Website	pggwrightson.co.nz

Browse history interactively

← Previous edit

Content deleted Content added

VisualWikitext

Inline

Latest revision as of 21:46, 21 May 2024

PGG Wrightson Limited is an agricultural supply business based in New Zealand. It was created in 2005 through the merger of Pyne Gould Guinness Ltd and Wrightson Limited and has its roots in a number of stock and station agencies dating back to 1861. It is one of the major suppliers to the agricultural sector in New Zealand providing products such as seeds, grains, livestock, irrigation, farm equipment, insurance and financing.

History

The result of mergers within the stock and station agency industry in New Zealand, PGG Wrightson can trace its obvious ancestry back to 1861, with the establishment of Wright Stephenson & Co.

Notable stock and station agencies that have merged to form PGG Wrightson include

PGG Wrightson 2005

Wrightson NMA 1972
- Wright Stephenson & Co (founded by John Wright & John Stephenson)
- 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
  - Levin & Co 1896^[1]
  - Wairarapa Farmer's Co-operative Association
- Dalgety Crown 1983 bought by Wrightson NMA 1986
  - Dalgety New Zealand Loan 1962
    - New Zealand Loan and Mercantile Agency Company
    - Dalgety New Zealand
  - 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 August 2018, it was announced that PGG had agreed to sell their Seeds business, PGW Seeds, to Danish company DLF Seeds for NZD $421 million. Although the deal is still subject to approval from the New Zealand Overseas Investment Office, it is expected to go through in early 2019. PGG Wrightson Seeds Holdings has operations in New Zealand, Australia, and South America. Under the deal, PGW and PGW Seeds will enter into a long-term distribution agreement for seed and grain. PGW will grant a brand licence to PGW Seeds for the continued use of the PGG Wrightson Seeds brand.^[6]

In late 2018, the majority shareholder of PGW, the Chinese-owned Agria Corporation, was found guilty of fraudulent accounting by the United States Securities and Exchange Commission. Agria was subsequently ordered by the Overseas Investment Office to sell down its majority shareholding in PGW to 46.5%.^[7]

PGG Wrightson Country Cup

The PGG Wrightson Country Cup is the Premier Competition over the region known as the Canterbury Country. The region includes clubs from the Ellesmere and North Canterbury Sub-Unions and the Mid Canterbury Rugby Football Union.

Notable people

Craig Norgate: Chairman of PGG Wrightson (and predecessor businesses) (2004–2009)
Tim Miles: CEO of PGG Wrightson (2008–2010)^[8] and former Vodafone UK CEO
George Gould: CEO of PGG Wrightson (2010–2013) ^[9]
Sir John Anderson: Chairman of PGG Wrightson (2010–2013)^[10]

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.
^ Hutching, Gerard (21 December 2018). "Agria found guilty of fraudulent accounting by US Stock Exchange commission".
^ "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".

[nma-1] "Fletcher Challenge Archives". Brief History of Fletcher Challenge Limited.

[DNZB_Henry_Le_Cren-2] Pinney, Robert. "Le Cren, Frederic and Le Cren, Henry John". Dictionary of New Zealand Biography. Ministry for Culture and Heritage. Retrieved 16 August 2015.

[3] "PGG Wrigthson" (PDF). Archived from the original (PDF) on 15 August 2013.

[4] "Pyne's reverse takeover lifts stake in Reid Farmers - sharechat.co.nz". www.sharechat.co.nz. Retrieved 29 December 2020.

[5] "Heartland NZ repays NZ$92.3 million of PGG Wrightson Finance bonds after acquisition of rural lender". interest.co.nz. 10 October 2011.

[6] "PGG Wrightson to sell seeds division for $421m". stuff.co.nz. 6 August 2018.

[7] Hutching, Gerard (21 December 2018). "Agria found guilty of fraudulent accounting by US Stock Exchange commission".

[8] "Former PGG Wrightson boss gets $3m golden handshake". The New Zealand Herald. 27 September 2011.

[9] "George Gould departure as PGW head flagged".

[10] "PGG Wrightson chairman steps down".

[1]

[2]

[3]

[4]

[5]

[6]

[7]

[8]

[9]

[10]

@@ Line 1: / Line 1: @@
 {{Short description|New Zealand stock and station agency}}
-{{Use dmy dates|date=March 2017}}
+{{Use dmy dates|date=March 2017}}{{Use New Zealand English|date=February 2024}}
 {{Infobox company
 | name = PGG Wrightson Limited
@@ Line 10: / Line 11: @@
 | location_city = [[Christchurch]]
 | location_country = [[New Zealand]]
-| key_people = {{Unbulleted list|Stephen Guerin (CEO since 2019)|Joo Hai Lee (Chair since 2022)}}
+| key_people = Stephen Guerin (CEO)
-| num_employees = 1,700
+| num_employees = 2,100
 | industry = [[Pastoral]]
+| products = [[Stock and station agent]]
-| products = {{Unbulleted list|Farm and Horticultural Supplies|Water and Irrigation|[[Livestock]]|Livestock funding|[[Wool]]|Wool Export}}
 | successor =
-| services = {{Unbulleted list|Agri-retailer|Livestock agency services|Technical horticultural services|Real Estate|Māori Agribusiness|Insurance|Deer velvet|Wool agency and brokering|Wholesale supplies of agri inputs}}
 | revenue =
 | parent =
@@ Line 21: / Line 21: @@
 | footnotes =
 }}
+'''PGG Wrightson Limited''' is an [[agricultural supply store|agricultural supply]] business based in New Zealand.  It was created in 2005 through the merger of Pyne Gould Guinness Ltd and Wrightson Limited and has its roots in a number of [[Stock and station agent|stock and station agencies]] dating back to 1861. It is one of the major suppliers to the [[Agriculture in New Zealand|agricultural sector in New Zealand]] providing products such as seeds, grains, livestock, irrigation, farm equipment, insurance and financing.
-'''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 agent|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 [[Agriculture in New Zealand|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 agent|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.
+The result of mergers within the [[Stock and station agent|stock and station agency]] industry in [[New Zealand]], PGG Wrightson can trace its obvious ancestry back to 1861, with the establishment of Wright Stephenson & Co.
 Notable stock and station agencies that have merged to form PGG Wrightson include
@@ Line 36: / Line 30: @@
 PGG Wrightson 2005
 *Wrightson NMA 1972
-** [[Wright Stephenson|Wright Stephenson & Co]]
+** [[Wright Stephenson|Wright Stephenson & Co]] (founded by John Wright & John Stephenson)
 ** [[National Mortgage and Agency Company of New Zealand]],<ref name = nma>{{cite web|title=Fletcher Challenge Archives|work=Brief History of Fletcher Challenge Limited|url=http://www.fclarchives.co.nz/about_history.php}}</ref> which had taken over Russell [[Henry Le Cren|Le Cren]] and Company, and Russell Ritchie and Company<ref name="DNZB Henry Le Cren">{{DNZB|Pinney|Robert |1l5|Le Cren, Frederic and Le Cren, Henry John|16 August 2015}}</ref> and [[Murray Roberts & Co]]
 *** [[Nathaniel Levin|Levin & Co]] 1896<ref name = nma/>
@@ Line 54: / Line 48: @@
 In 2011 PGG Wrightson sold its finance division to [[Heartland Building Society]] to create a single larger rural financing organisation.<ref>{{cite news|url=http://www.interest.co.nz/bonds/56097/heartland-nz-repays-nz923-million-pgg-wrightson-finance-bonds-after-acquisition-rural-le |title=Heartland NZ repays NZ$92.3 million of PGG Wrightson Finance bonds after acquisition of rural lender |date=10 October 2011 |publisher=interest.co.nz }}</ref>
-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.<ref>{{cite news|url=https://www.stuff.co.nz/business/farming/106033773/pgg-wrightson-to-sell-seeds-division-for-421m |title=PGG Wrightson to sell seeds division for $421m |date=6 August 2018 |publisher=stuff.co.nz }}</ref>
+In August 2018, it was announced that PGG had agreed to sell their Seeds business, PGW Seeds, to Danish company DLF Seeds for NZD $421 million. Although the deal is still subject to approval from the New Zealand Overseas Investment Office, it is expected to go through in early 2019. PGG Wrightson Seeds Holdings has operations in New Zealand, Australia, and South America. Under the deal, PGW and PGW Seeds will enter into a long-term distribution agreement for seed and grain. PGW will grant a brand licence to PGW Seeds for the continued use of the PGG Wrightson Seeds brand.<ref>{{cite news|url=https://www.stuff.co.nz/business/farming/106033773/pgg-wrightson-to-sell-seeds-division-for-421m |title=PGG Wrightson to sell seeds division for $421m |date=6 August 2018 |publisher=stuff.co.nz }}</ref>
+In late 2018, the majority shareholder of PGW, the Chinese-owned Agria Corporation, was found guilty of fraudulent accounting by the [[United States Securities and Exchange Commission]]. Agria was subsequently ordered by the [[Overseas Investment Office]] to sell down its majority shareholding in PGW to 46.5%.<ref>{{cite web|url=https://www.stuff.co.nz/business/109536789/agria-found-guilty-of-fraudulent-accounting-by-us-stock-exchange-commission| title=Agria found guilty of fraudulent accounting by US Stock Exchange commission|last=Hutching|first=Gerard|date=21 December 2018}}</ref>
-== Main Operations ==
+==PGG Wrightson Country Cup==
-=== Retail Store and Services ===
+The '''PGG Wrightson Country Cup''' is the Premier Competition over the region known as the Canterbury Country. The region includes clubs from the Ellesmere and North Canterbury Sub-Unions and the [[Mid Canterbury Rugby Football Union]].
-PGW has a network of Rural Supplies and Fruitfed Supplies stores throughout New Zealand.  The store network delivers products and technical services covering all farming and horticulture requirements.
-=== Fruitfed Supplies ===
-Fruitfed Supplies services the horticultural sector.  Their Technical Horticultural Representatives and Technical Team are based around the country, specialising in a range of crops and supporting growers with product recommendations and technical advice.
-Fruitfed Supplies has their own in-house Crop Monitoring service. This pest, disease and yield monitoring service for horticultural and agricultural crops provides an important link in orchard traceability, food safety and on-farm quality assurance.
-=== Rural Supplies ===
-The Rural Supplies stores and customers are supported by Technical Field Representatives and Technical Team, who provide in depth expert advice in a range of subjects such as agronomy, soil science, animal health (sheep, beef, dairy, and deer), and animal nutrition.
-Technical Field Representatives cover sheep, beef, deer, dairy, and arable, and work with customers to help them grow more grass, increase stock live-weight, evaluate feed and nutrition options, assess animal health issues, review and provide ideas on growing crops, and maximise crop and pasture yields.
-=== Water and Irrigation ===
-PGW offers full-service water and irrigation packages to customers servicing the agricultural, horticultural, and water reticulation markets in New Zealand.
-With more than 40 years in the design, construction, servicing, and maintenance of rural irrigation systems, the company has some of the best technical knowledge in the industry.  The team leads in the design, planning, and installation of “turnkey” irrigation and pumping solutions for agricultural and horticultural customers.
-=== Agritrade ===
-NZ Agritrade Limited, PGW’s wholesale subsidiary, manufactures, sells, and distributes products to improve farm and grower production in the areas of agronomy, animal nutrition, land development, and crop and orchard management.
-Agritrade engages with local and leading international manufacturers and works directly with local retailers.  These specialised products are available to customers through PGW’s retail stores, other farm supply stores, and veterinary clinics throughout New Zealand.
-=== Livestock ===
-PGW’s agency services include the sale and purchase of all categories of livestock (sheep, beef, dairy, and deer) at saleyards, auctions, private and on-farm sales, and online trading of livestock through bidr®.
-The team of Genetics Specialists provide tailored advice for beef and dairy cattle, sheep, and deer.
-=== Wool ===
-PGW Wool is a wool broker, wool logistics provider, wool exporter, and international marketer of all types of New Zealand wool, covering crossbred, mid-micron, and fine wool.
-PGW Wool operates processing centres where wool is weighed, sampled, assessed, and stored prior to sale. A variety of sales options are provided to maximise grower returns and de-risk their business.
-PGW Wool markets and sells wool to all New Zealand wool exporting companies including their own subsidiary export company, Bloch & Behrens Wool (NZ) Limited.
-=== Real Estate ===
-PGW Real Estate covers all rural, lifestyle, and residential property categories including sheep and beef, dairy, forestry, grazing and finishing, specialist farms, viticulture, bare land, and coastal property, as well as commercial and industrial property.
-As New Zealand’s only national non franchised real estate company there are no boundaries between regions and Agents work as one team.
-=== Māori Agribusiness ===
-PGW’s Māori Agribusiness team is a dedicated unit within PGW providing guidance on farming practices that align with the environmental values of its Māori agribusiness clients. The dedicated Iwi Relationship Managers liaise with their Māori agribusiness clients and the team engages with PGW colleagues across the company to ensure technical expertise and industry knowledge are provided.
-=== Insurance ===
-PGW has a joint venture relationship with BrokerWeb Risk Services Limited, whereby BWRS offers comprehensive, flexible, and tailored rural insurance solutions to meet the unique requirements of PGW’s customers.
 ==Notable people==
@@ Line 109: / Line 60: @@
 * George Gould: CEO of PGG Wrightson (2010–2013) <ref>{{Cite web | url=http://www.stuff.co.nz/business/farming/agribusiness/8736474/George-Gould-departure-as-PGW-head-flagged |title = George Gould departure as PGW head flagged}}</ref>
 * [[John Anderson (New Zealand businessman, born 1945)|Sir John Anderson]]: Chairman of PGG Wrightson (2010–2013)<ref>{{Cite web | url=http://www.stuff.co.nz/the-press/business/9200528/PGG-Wrightson-chairman-steps-down |title = PGG Wrightson chairman steps down}}</ref>
-== Social Responsibility ==
-PGW is committed to protecting the natural environment for future generations which means balancing issues of environmental, social, cultural, and economic sustainability.
-PGW is aware of the changing focus of farming and increasing pressure on the sector to operate in a sustainable manner. Many of the company’s activities are designed to meet the demand for more sustainable farming practices.
-PGW’s people have been key members in their rural communities in which they live and work alongside their customers for over 170 years. PGW has supported and sponsored rural communities throughout New Zealand for multiple generations, from Agricultural and Pastoral (A&P) Shows to community organisations.
 ==References==
@@ Line 128: / Line 72: @@
 [[Category:Transport companies established in 2005]]
 [[Category:Agriculture companies established in 2005]]
-[[Category:Agriculture companies of New Zealand]]

Authority control databases
International	VIAF
National	Vereinigte Staaten