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{{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
{{Infobox company
| name = PGG Wrightson
| name = PGG Wrightson Limited
| logo =
| logo = PGG_Wrightson_logo.svg
| type = [[Public company]]
| type = [[Public company|Public]]
| traded_as = {{NZX|PGW}}
| traded_as = {{NZX|PGW}}
| foundation = {{start date|df=yes|2005|November}}
| foundation = {{start date|df=yes|2005|November}}
| defunct =
| defunct =
| location_city = [[Christchurch]]
| location_city = [[Christchurch]]
| location_country = [[New Zealand]]
| location_country = [[New Zealand]]
| key_people = Mark Dewdney (CEO)
| key_people = Stephen Guerin (CEO)
| num_employees = 2,100
| num_employees = 2,100
| industry = [[Pastoral]]
| industry = [[Pastoral]]
| products = [[Stock and station agent]]
| products = [[Stock and station agent]]
| successor =
| successor =
| revenue =
| revenue =
| parent =
| parent =
| homepage = {{URL |http://pggwrightson.co.nz/}}
| homepage = {{URL |http://pggwrightson.co.nz/}}
| footnotes =
| 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''' 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. Although publicly listed in New Zealand on the [[NZX]], PGG Wrightson has been majority owned by Chinese-based Agria Corporation (GRO, NYSE) since 2011.


==History==
==History==
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PGG Wrightson 2005
PGG Wrightson 2005
*Wrightson NMA 1972
*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 took 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>
** [[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/>
*** [[Nathaniel Levin|Levin & Co]] 1896<ref name = nma/>
*** [[Myer Caselberg|Wairarapa Farmers Co-operative Association]]
*** [[Myer Caselberg|Wairarapa Farmer's Co-operative Association]]
**Dalgety Crown 1983 bought by Wrightson NMA 1986
**Dalgety Crown 1983 bought by Wrightson NMA 1986
***Dalgety New Zealand Loan 1962
***Dalgety New Zealand Loan 1962
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*** [[Newton King|Crown Consolidated]] merged with Dalgety 1983
*** [[Newton King|Crown Consolidated]] merged with Dalgety 1983
*Pyne Gould Guinness
*Pyne Gould Guinness
** Pyne & Co.<ref>{{cite web |url=http://www.pggwrightson.co.nz/Userfiles/files/Historyof%20PGG%20Wrightson%5B1%5D.pdf |title=PGG Wrigthson | format=PDF | archive-url=https://web.archive.org/web/20130815194303/http://pggwrightson.co.nz/Userfiles/files/Historyof%20PGG%20Wrightson%5B1%5D.pdf | archive-date=15 August 2013}}</ref>
** Pyne & Co. Founded by FH Pyne.<ref>{{cite web |url=http://www.pggwrightson.co.nz/Userfiles/files/Historyof%20PGG%20Wrightson%5B1%5D.pdf |title=PGG Wrigthson | archive-url=https://web.archive.org/web/20130815194303/http://pggwrightson.co.nz/Userfiles/files/Historyof%20PGG%20Wrightson%5B1%5D.pdf | archive-date=15 August 2013}}</ref>
** Gould Beaumont & Co. founded in 1851 by Joseph Gould, George Gould and John Beaumont
** 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
** Guinness & Le Cren Ltd, founded in 1890 by Edwin Rowland Guinness and Ernest Alfred le Cren
** [[Donald Reid (politician born 1833)|Reid Farmers]] merged with PGG 2001
** [[Donald Reid (politician born 1833)|Reid Farmers]] merged with PGG 2001<ref>{{Cite web|title=Pyne's reverse takeover lifts stake in Reid Farmers - sharechat.co.nz|url=http://www.sharechat.co.nz/article/ac2f223f/pyne-s-reverse-takeover-lifts-stake-in-reid-farmers.html|access-date=2020-12-29|website=www.sharechat.co.nz}}</ref>
* [[Frederic Williams (businessman)|Williams]] & Kettle, bought by Wrightson 2005
* [[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.<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 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 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>


==PGG Wrightson Country Cup==
==PGG Wrightson Country Cup==
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==Notable people==
==Notable people==
* [[Craig Norgate]]: Chairman of PGG Wrightson (and predecessor businesses) (2004–2009)
* [[Craig Norgate]]: Chairman of PGG Wrightson (and predecessor businesses) (2004–2009)
* Tim Miles: CEO of PGG Wrightson (2008–2010)<ref>http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10754947</ref> and former Vodafone UK CEO
* Tim Miles: CEO of PGG Wrightson (2008–2010)<ref>{{Cite news | url=http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10754947 |title = Former PGG Wrightson boss gets $3m golden handshake|work= [[The New Zealand Herald]]|date = 27 September 2011}}</ref> and former Vodafone UK CEO
* George Gould: CEO of PGG Wrightson (2010–2013) <ref>http://www.stuff.co.nz/business/farming/agribusiness/8736474/George-Gould-departure-as-PGW-head-flagged</ref>
* 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)|Sir John Anderson]]: Chairman of PGG Wrightson (2010–2013)<ref>http://www.stuff.co.nz/the-press/business/9200528/PGG-Wrightson-chairman-steps-down</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>


==References==
==References==
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{{NZX 50 companies}}
{{NZX 50 companies}}
{{Authority control}}


[[Category:Companies of New Zealand]]
[[Category:New Zealand stock and station agencies]]
[[Category:New Zealand stock and station agents]]
[[Category:Companies listed on the New Zealand Exchange]]
[[Category:Companies listed on the New Zealand Stock Exchange]]
[[Category:New Zealand companies established in 2005]]
[[Category:Transport companies established in 2005]]

[[Category:Agriculture companies established in 2005]]

{{NewZealand-company-stub}}

Latest revision as of 21:46, 21 May 2024

PGG Wrightson Limited
Company typePublic
NZX: PGW
IndustriePastoral
GegründetNovember 2005 (2005-November)
Hauptsitz
Christchurch
,
Neuseeland
Key people
Stephen Guerin (CEO)
ProdukteStock and station agent
Number of employees
2,100
Websitepggwrightson.co.nz

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

[edit]

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

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

[edit]

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

[edit]
  • 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

[edit]
  1. ^ a b "Fletcher Challenge Archives". Brief History of Fletcher Challenge Limited.
  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".
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