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Keith Jackson

Cooks Food Group does about face, sells up

Cooks Food Group’s brief spell as a listed food company is over, with an announcement this morning that it has sold its assets to Australian company Hutchinsons for $4 million.

Cooks’ brands include Cotterill & Rouse and Murdochs, as well as the much larger, yet-to-be acquired Diamond pasta and DYC vinegar labels.

Hutchinsons will take over the settling of this transaction, and also pay Cooks $4 million for its existing businesses.

The current Hutchinson brand stable includes Trident, Ryvita, Lurpak and Castello.

WSD listing delayed

The public listing of international broking house WSD Financial on the New Zealand stock exchange remains on track, even if it is taking slightly longer than expected.

The listing, which is being carried out through Tasman Capital, was expected to be completed by the end of last year, but has not yet taken place.

Tasman capital managing director Joseph van Wijk says the listing will be completed shortly and that NZX still working through the application.