Hawke’s Bay orchards sold for NZ$18mn in wake of Kiwi Crunch administration | News

International investors have snapped up five Hawke’s Bay orchards managed by New Zealand Rural Land Company (NZL) after grower-exporter Kiwi Crunch entered administration. NZL announced that Zealand Rural Land Investments (NZRLI), 75 per cent owned by NZL, has entered into a conditional agreement to sell the Hawke’s Bay orchards to a partnership managed by Craigmore Sustainables for NZ$18.84mn…

Australian Brake Manufacturer Bendix Enters Voluntary Administration

The Australian company responsible for the brake manufacturer Bendix has entered voluntary administration just under a year after celebrating its 70th anniversary. FMP Group (Australia) Pty Limited, which stands for Friction Materials Pacific, appointed Grant Thornton’s Tianne Nagy-Jones and Philip Campbell-Wilson as joint administrators on October 26, 2026. A first creditors’ meeting is set for…

Supercars Matt Stone Racing sponsor Bendix downplays entering administration

MATT Stone Racing naming rights sponsor Bendix insists it’s business as usual despite its parent company going into voluntary administration. Tianne Nagy-Jones and Philip Campbell-Wilson of Grant Thornton Australia Limited were on Monday (October 26) appointed as joint administrators of FMP Group (Australia) Pty Limited. FMP – i.e. Friction Materials Pacific – is the Australian…