PGG Wrightson

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PGG Wrightson
Industry Pastoral
Founded November 2005 (2005-November)
Headquarters Christchurch

PGG Wrightson 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

  • Pyne Gould Guinness
    • Pyne & Co.[2]
    • 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

In 2011 PGG Wrightson sold its finance division to Heartland Building Society to create a single larger rural financing organisation.[3]

Today[edit]

Member of the Pastoral Greenhouse Gas Research Consortium. Craig Norgate resigned as chairman of PGG Wrightson in 2009. In 2010 John Anderson joined the board of PGG Wrightson and become Chairman.

The New Zealand Herald reported that Westpac, Rabobank and PGG Wrightson Finance, were owed about $NZ200 million, and had placed Crafar Farms into receivership as it was in breach of the covenants of the loans.[4]

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]

  • Tim Miles - former Vodafone UK CEO and PGG Wrightson CEO

References[edit]

  1. ^ a b "Fletcher Challenge Archives". Brief History of Fletcher Challenge Limited. 
  2. ^ "History of PGG Wrigthson". April 5, 2006. 
  3. ^ "Heartland NZ repays NZ$92.3 million of PGG Wrightson Finance bonds after acquisition of rural lender". interest.co.nz. October 10, 2011. 
  4. ^ Hickey, Bernard (5 October 2009). "Crafar Farms put into receivership owing NZ$200m". The New Zealand Herald. Retrieved 27 May 2010.