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acquasistion

Food group cooks up plan for growth

Newly-listed Cooks Food Group is looking to raise capital for the acquisition of another food-related business.

Cooks, which debuted on the NZAX last week, consists of food businesses Cotterill & Rouse, Murdoch Foods and Sahara Foods.

It gained its place on the exchange via a back-door listing through Tasman Capital, which involved Tasman’s 450-odd shareholders being given a combined 10% of the company’s shares.

Now those shareholders will be offered the chance to increase their stakes via a $5000 “share purchase plan.”