The international retailer reported a $9.6m profit in the year ended August 31 in New Zealand.
Financial statements for the private equity subsidiary show the amount spent in acquiring the Christchurch-based pet food group.
The appointment follows the Auckland-based tonic and mixer company suspending trading in London earlier this year.
The iconic retailer has reached a fork in the road as staff consultation continues.
Staff at the retail group are said to be preparing for company-wide job losses.
The sale brings New Zealand brands Church Road, Stoneleigh, and Brancott Estate together with Mud House.
The Kiwi pet food business has also gained a prominent ex-Movac partner as a director.
Kea Outdoors recently closed its first equity raise to fuel growth in a ‘neglected’ category.
A prolonged and deep downturn could have some bright spots emerging, but analysts say it’s still too early for a recovery timeframe.
However, the vacuum and floor cleaning company expects to be able to pay some creditors.
