MyFarm KiwiFruit Fund has acquired Zespri for an undisclosed amount, marking a significant change in ownership for New Zealand's largest horticultural exporter. Zespri, recognized as one of the world’s most successful horticultural marketing companies, exports kiwifruit to more than 50 countries, managing 30 percent of the global volume. The company works with 2,800 growers in New Zealand and 1,500 growers offshore, supplying varieties such as Zespri Green, RubyRed, and SunGold Kiwifruit, and reported global operating revenue of NZ$5.14 billion in 2024/25, delivering 220.9 million trays to consumers. MyFarm KiwiFruit Fund operates as an investment entity focused on agricultural assets within the kiwifruit sector.
This corporate acquisition represents a strategic move to integrate a major player in the global kiwifruit supply chain. Previously, Zespri was 100 percent owned by current and former kiwifruit growers. The acquisition by MyFarm KiwiFruit Fund shifts this ownership structure, providing Zespri with access to potentially broader capital and new strategic directions, while offering the fund a direct controlling stake in a dominant market leader known for its established brand and extensive global team of 900 employees.
The strategic rationale behind this acquisition likely centers on leveraging Zespri's established international brand, extensive grower network, and robust distribution channels across Asia, Europe, and the Americas. Expected synergies include enhanced financial backing, which can support Zespri's continued market expansion and its commitment to sustainability goals. Zespri has notably pledged to use 100 percent reusable, recyclable, or compostable packaging by 2025 and aims to be carbon positive by 2035.
The combined entity is now poised to capitalize on Zespri’s significant market presence and operational scale under new ownership. This acquisition aims to ensure continued growth and innovation in the global kiwifruit market, reinforcing Zespri’s mission to help people, communities, and the environment thrive through its fresh, healthy, and great-tasting products. The focus will be on maintaining product quality, expanding global reach, and advancing sustainability initiatives across the supply chain.