T&G Global Limited

Overview

T&G Global Limited is engaged in distributing, marketing and exporting fresh produce. The business was started as a fruit and flower shop by Edward Turner in 1897. He was later joined by nine sons and the business grew to became E Turner & Sons Ltd. This amalgamated with a grower co-operative in 1921 to form Turners & Growers Ltd.

In December 2002 the group acquired 100% of pipfruit exporter ENZA Ltd, owned by Guinness Peat Group, in return for 44.2m of Turners shares worth $101.9m. This transaction resulted in GPG gaining control of the merged entity.

In 2004 TUR separated the ENZA Foods manufacturing operations into a stand-alone company, owned independently by TUR shareholders. In September 2004 it made a compliance listing on the NZX, with no new shares being issued. Major divisions are: Turners and Growers Fresh Ltd - fruit & produce & flower wholesalers, auctioneers and distributors, importers, exporters, transport operators, prepackers and produce container hirers; Status Produce Ltd - glasshouse tomato production and other covered crops; packhouse operators; ENZA Ltd - world-wide pipfruit exporters and coolstore operators.

In February 2008 the company declared its takeover bid for Kerifresh Ltd unconditional. Kerifresh is a major lemon, mandarin and kiwifruit grower/packer in Kerikeri. TUR said the purchase will strengthen its standing in the citrus fruit category.

In 2012 BayWa, a German investment company purchased 72.5 percent of Turners & Growers.

The company launched its current corporate brand in 2014.

T&G is listed on NZX in May 2015 under the name of Turners & Growers Limited ("TUR"). It changed its current name and code in May 2015.

Performance

The following information was extracted from T&G Global Limited's Interim Report, released on 7 August 2026

T&G Global Chair, Benedikt Mangold, said the results build on the momentum achieved in T&G’s premium intellectual property-led Apples and VentureFruit businesses.

“Our Apples business continued its growth trajectory, VentureFruit delivered improved results, and T&G Fresh continued to build on last years improved performance,” said Mr Mangold.

The Group performed strongly at an operational level across its continuing operations, with revenue of $572.3 million, up 2.6% from the comparable 2025 period. Operating profit increased 30.3% to $11.6 million, compared to $8.9 million in the corresponding 2025 period. After adjusting for impairment in relation to the previously announced disposal of the T&G Fresh business, the reported loss for the period is $30.5 million.

“During the first half of the year, we completed a comprehensive strategic review, evaluating T&G’s strategy and assessing our Apples, VentureFruit and T&G Fresh business units against our growth profile, capital allocation, reliance on intellectual property, and contribution to long-term shareholder value. It determined that our long-term capital allocation and management focus should prioritise Apples and VentureFruit, in support of global growth opportunities, and that alternative ownership options should be explored for T&G Fresh,” said Mr Mangold