Japanese produce logistics company Fresh MD Holdings will buy an 18 per cent stake in Seeka Kiwifruit Industries Limited, worth $8.5 million.

'Fresh MD Holdings operates major logistics, ripening and fruit processing operations in Japan and is a significant handler of New Zealand kiwifruit,” says Seeka chief executive Michael Franks.
'The association with Fresh MD Holdings strengthens our link with the important and valuable Japanese market. This is a vote of confidence in our business model and operating systems, and recognises the efforts of all Seeka staff,” he says.
Fresh MD Holding's major shareholders include the fresh produce specialist Dole, and the Sumitomo Corporation. Fresh MD Holdings also has a number of smaller shareholders.
The agreed price of the transaction is $3.60 per share [ex $0.10 dividend] for 2.363m shares.