Ravensdown buys agriculture company
C-Dax manufactures agricultural products for spreading, spraying and measuring.
Hot Topic
Long reads
Ravensdown Fertiliser Co-operative has purchased specialist agricultural manufacturer C-Dax for an undisclosed sum.
C-Dax pioneered the development of, and sells, a range of innovative agricultural spreading, spraying and measuring equipment for use on farm, including the C-Dax pasture meter.
“C-Dax is at the leading edge of developing technical and practical solutions to assist farmers undertake many day-to-day farm activities,” says Bill McLeod, chairman of Ravensdown.
“This sits within our core business of assisting farmers to grow pasture, crops and animal products more cost effectively, efficiently and sustainably.
“Ravensdown has had a long association with C-Dax, and operationally it will fit well with our co-operative.”
C-Dax will operate as a stand-alone subsidiary under its own name, and will continue to sell through rural merchants, farm bike outlets and tractor and machinery distributors including Norwood Distributors in New Zealand, which has a significant proportion of its sales in Australia.
C-Dax operates from Palmerston North with distribution coverage throughout New Zealand and employs nearly 30 people.
Greig Shearer will continue as managing director of C-Dax.
Niko Kloeten
Mon, 01 Aug 2011
Mon, 01 Aug 2011
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Ravensdown buys agriculture company
16133