Rangatira Annual Report 2023 - Flipbook - Page 24
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R anga tira Annua l Rep or t 2 0 2 3
APC Innovate
Auckland Packaging (APC) designs and manufactures
merchandising displays, in-store promotional
communications and cardboard packaging. The 6,000sqm
production facility in East Tamaki, enables a full range of
in-house services from design to cutting, printing, assembly,
and packing.
Under Rangatira, APC has secured market share through
a focused strategy and investment, including the recent
example of the acquisition of Jazz Print, a leader in the
production of collateral for the real estate and automotive
industries.
Rangatira’s objectives for the business are for it to continue
to provide consistent cash returns, with the potential for
more industry consolidation.
Investment Date
1999
Ownership Interest
100%
BeGroup
BeGroup offers affordable and modern retirement villages.
These residential villages offer a full range of options, strong
ties to the local community and an emphasis on equal and
meaningful relationships, where residents decide what
retirement living means for them.
Their investment strategy is focused on existing, operating
retirement villages, typically with incremental development
potential.
BeGroup acquired Wairarapa Village in Masterton in
November 2021 and the MiLife portfolio of villages (Levin,
New Plymouth, and Palmerston North) in February 2022.
Rangatira sees this sector as attractive, offering strong cash
returns and capital growth over the long-term.
Investment Date
2021
Ownership Interest
25%