J&P Turner agrees to acquire T&G Global's New Zealand fresh produce business, returning an iconic brand to family ownership

J&P Turner Limited has agreed to acquire T&G Global's New Zealand fresh produce and transport business in a transaction described as landmark for the sector. The deal sees one of New Zealand's most recognised produce businesses return to the stewardship of the Turner family, whose name has been associated with the industry for more than a century. Under the transaction structure, J&P Turner will also lease from T&G Global the properties from which relevant growing units operate, adding a real estate component alongside the core business acquisition. The headline purchase price was not disclosed. The deal remains subject to clearance from the New Zealand Commerce Commission, the country's competition regulator, meaning completion is not yet confirmed. MinterEllisonRuddWatts advised J&P Turner. The firm's deal team was led by corporate partner Mark Forman, with partners David Gilbert, Christopher Young, and Andrew Ryan, senior associates Alex Bouwman, Holly-Marie Rearic, Rob Penney, and Steven Liu, and solicitors Nick Stewart, Bernice Kong, and Hasaan Malik also named on the team. The transaction reflects a broader trend of family-led buy-backs in the agrifood sector, where founding families or legacy operators seek to regain control of assets that had passed into corporate ownership. The lease-back of growing properties indicates a pragmatic structure allowing T&G Global to retain its property position while exiting the operational business.