GISBORNE MEAT MERGER

Evening Post, Volume CX, Issue 133, 3 December 1930, Page 14

GISBORNE MEAT MERGER

(By Telegraph—Press Association.) GISBORNE, 2nd December. Up till to-day two freezing companies have been operating in Gisborne —the Gisborne. Sheepfarmers' Frozen Meat and Mercantile Co;, Ltd., and Nelson's (N.Z.), Ltd.—but henceforth all freezing will be done at the works of the former company, which are situated alongside the wharf at Kaiti. This step was agreed upon some time ago, with the object o£ cutting, down overhead costs. It was officially announced this afternoon, that the fusion had been effected, a subsidiary company in which the two firms will have an interest having been registered. The new company will be known as the Gisborne Refrigerating Co., Ltd., and will be governed by,two directors from each of the two companies. Mr. F. Tolerton, manager in Gisborne for Nelson's (N.Z.), Ltd., will be manager of, the new company. The principal employees of both, companies will not be affected, and will enter the employ of the new company. The Kaiti works will close down to-day under the Gisborne Sheepfarmers' Frozen Meat and Mercantile Co., Ltd., and will reopen on Monday as the main works of the new company. Nelsons' (N.Z.), Ltd., works at Kaitiratahi will be held in readiness to commence freezing operations should the volumne of stock prove too great, to ' be dealt with at any time at the Kaiti works.