Opotiki Packing and Coolstorage

Opotiki Packing and Coolstorage Limited ("OPAC") is a post harvest and orcharding business operating in the kiwifruit industry. From its Opotiki head office and single site post harvest facility it provides services to 700 canopy hectares of kiwifruit orchards, processing more that 5.5 million trays of kiwifruit in 2015, predominantly from the Eastern Bay of Plenty and Gisborne regions. Like the New Zealand kiwifruit industry generally, OPAC is enjoying a period of rapid growth, recovering from the production declines associated with Psa from 2012 to 2014. This recovery is being led by increasing production volumes of the Zespri SunGoldTM ("G3") variety, which has shown superior tolerance to Psa. Zespri expects a compound annual growth rate for volume in the industry of 6.4% per annum for the five years until the 2019/20 season.