![]() White lists Rank as one of his clients but won’t talk about them. Alistair White, managing director and founder of Auckland planning and resource management consultancy Planning Focus, has been involved in many Hart deals. The three warehouse projects, each with twin buildings, are estimated by sector insiders to have an end value somewhere in the $300 million region once they’re all up and fully leased. NZ Companies Office records show 24 new Hart businesses have been registered since 2019, giving a clear indication of the direction in which the billionaire is heading. These are new five-star green-rated south Auckland warehouses. His Rank Group’s Fernbrook Property has built two enormous Auckland warehouse projects, each twin-buildings, and just started on that third. Here’s where it gets close to home and there’s some action on these shores. CHH Timber is one of our largest and oldest timber building products suppliers, with big Kawerau, Kinleith and Nelson mills producing brands like Laserframe and Pinex. The trade-focused retailer Carters sits under this umbrella. NZ’s Carter Holt Harvey Timber manufactures wood products, supplied from three plants and distributes nationally. Last year, the Harts bought ice cream company Emerald Foods Group, returning it to Kiwi ownership In 2018, Graeme Hart and his son Harry bought Hubbard Foods, before that Hansells Food Group. Hart still has a controlling 74 per cent stake. For the full year to December, Reynolds posted net profit of US$258m, on revenue of US$3.82b - up 7 per cent on the previous year. The company makes goods for food preparation, cooking, tableware, cleanup, waste and storage and claims to have a “presence in 95 per cent of households across the United States”. Nasdaq-listed Reynolds Consumer Products with global headquarters in Illinois and Canadian headquarters in Ontario’s Mississauga near Toronto. “Whether you grabbed a cup of coffee on your way into the office or enjoyed a home-cooked breakfast, the chances are that you’ve relied on packaging from Pactiv Evergreen today,” Pactiv says on its website. Through Rank Group, Hart has maintained a 78 per cent stake. The company specialises in packaging for food and beverage products in food serving, food merchandising and fresh beverage merchandising sectors. ![]() Previously 100 per cent owned by Hart, Pactiv was floated in September 2020. ![]() NYSE-listed Pactiv Evergreen Inc, making revenue of US$6.22 billion in 2022 and the global Graham Packaging, founded in 1970, headquartered in Pennsylvania. What's Hart up to overseas and here? Some action close to home is quite unusual as he forges into the industrial warehouse and logistics development sectors. However, his focus has returned to New Zealand in recent years, with investment in property, including in South Auckland’s warehouse/logistics projects.Īnd just last week he and his wife Robyn showed their philanthropic side with a $6.5 million donation to Starship children’s hospital. Rank owns assets that deliver what we wrap stuff in, our need for food and shelter and where we store stuff.Īlthough he lives in Auckland, most of his investments are overseas. Rank Group, which Hart owns, houses businesses that operate internationally in the packaging, consumer goods and building supplies industries. They also offer long-term stable returns. While Hart is New Zealand’s richest individual with assets of around $12 billion, you might think the sectors he invests in sound a little boring.īut they are highly profitable because they are not only embedded in tens of millions of American households but they are for what people need. He’s voting with his feet: multi-billionaire Graeme Hart is clearly showing what he ranks as some of the most profitable sectors to invest in.
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