Rangatira Investments - Company Overview 2021-2022 - Flipbook - Page 25
UNDERSTANDING THEIR CHALLENGE
Hellers had positioned themselves well for the future growth –
quality products backed by an outstanding brand and marketing.
However, the company needed to increase its production capacity
to meet demand. Rangatira guided the capital investment –
with a disciplined, methodical $35m expansion of their Kaiapoi
manufacturing site over seven years, we ensured that the right
amount was invested at the right time, matching capacity with
demand without taking more risk than necessary.
Alongside this, Rangatira supported the strategic acquisition of
Walh Meats, Goodman Fielder Meats and Santa Rosa, expanding
Hellers’ presence as NZ’s Butcher.
TRANSITIONING MANAGEMENT
Our unique partnership approach created a very open and
productive relationship with Todd and Nick over the years. This
greatly assisted the business’ growth over the years and allowed
them to be in charge of their own journey.
With this relationship we were able to create the option for Nick
to retire from running the company in 2010 while maintaining
continuity. With Nick remaining as a shareholder, director and
advisor, we were able to smooth out the transition process and
retain the value he had built up I the business over all those years
– and he is still able to enjoy the financial spoils of his efforts while
pursuing the next stage of his journey.
In 2019, along with other key shareholders Rangatira sold down it’s
stake in Hellers as it looked to expand it’s business into Australia.
SELECTION OF HELLERS PRODUCTS