Sanitarium Christchurch site sold

0
69
SHARE

Papanui, New Zealand

Sanitarium Health & Wellbeing Company issued the following statement about the sale of the Christchurch factory site.
 

As part of this agreement, there is a lease-back arrangement for the Marmite factory for up to five years. Marmite production will continue as normal.

Sanitarium has today announced the sale of its Christchurch site and a lease-back arrangement for its Marmite factory.

Currently Marmite production occupies only a small portion of the Harewood Road site. This means that the site is not being fully utilised.

“We have a signed contract for the sale of the Christchurch site to an undisclosed purchaser”, announced Pierre van Heerden, general manager for Sanitarium. “As part of this agreement, there is a lease-back arrangement for the Marmite factory for up to five years. Marmite production will continue as normal.”

Sanitarium’s Christchurch distribution building is not part of the lease-back agreement and Distribution operations will be centralised to Auckland.

The South Island sales team will still be located and operate as normal in Christchurch from different premises.

“Across the site, there are four positions redundant and we are working through redeployment options with affected staff,” says van Heerden.

Since the Canterbury earthquakes in 2010 and 2011, the Sanitarium Health and Wellbeing Christchurch site has undergone a number of changes including extensive work to strengthen the Marmite production area, which is a new standalone unit.

Settlement on the purchase is due to be completed by the end of May. Until that time Sanitarium will maintain the site in its current condition.