The German company that now controls Turners & Growers will extend an olive branch to kiwifruit marketing monopoly Zespri.

Turners & Growers, the local fruit marketer, has announced new senior management and directors from new majority parent BayWa Aktiengesellschaft, and tapped local boardroom heavyweight John Anderson as an independent director.

BayWa Aktiengesellschaft’s takeover of Turners & Growers will go unconditional tonight.

Fruitgrower blames high dollar, Eurozone meltdown and PSA virus in posting $19 million loss in 2011, including a $21 million write-down of its orchards.

Munich-based BayWa AG is offering $1.85 a share, having struck an agreement to buy Guinness Peat Group’s 63.46% stake.

Produce distributor Turners & Growers' latest attempt to break up the New Zealand kiwifruit industry's marketing structure has foundered in the Auckland High Court.