Ice cream manufacturer
Owned by wealthy New Zealand entrepreneur Diane Foreman from 2004 until 2015, when she sold the ice cream manufacturing arm of her business to a Hong Kong based group. In 2021 the company returned to New Zealand ownership when it was acquired by Walter & Wild. Products are made in New Zealand and sold in more than 30 countries around the world. Operates Movenpick and New Zealand Natural ice cream parlours in Australia and New Zealand.
Company Ownership
Emerald Foods Ltd
NZL
Walter & Wild Ltd
owns 100% of Emerald Foods Ltd
NZL
Food manufacturer
In 2017-18 New Zealand's richest man Graeme Hart and his son Harry purchased three NZ food companies. Hubbards, Hansells and Gregg's sauces are now part of this new Hart vehicle: Walter & Wild (formerly HFG Group). Acquired NZ ice cream company Emerald Foods in 2021. Harry owns 33% and his father Graham owns the remaining 67%.
Company Assessment
(Last updated Jan 2023)
Praise
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Emerald Foods Ltd
No assessment data currently available for Emerald Foods Ltd.
Walter & Wild Ltd
Praise
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Palm oil rating - WAZA
The PalmOil Scan app, produced by the World Association of Zoos and Aquariums (WAZA), rates companies on their commitment to sourcing sustainable palm oil. Companies are scored on their use of certified sustainable palm oil (CSPO), commitment to sourcing CSPO, on-the-ground conservation action, and membership to the RSPO. Companies can earn a rating of Excellent, Good, Poor or No Commitment. This company is rated "Poor" (retrieved 18 Nov 2023).
Source: WAZA
(2023)
Company Details
Type:
Wholly-owned subsidiary