Two of the country’s largest farmer co-ops could be looking at merging after turning over a huge profit.
Combined Rural Traders revealed on Thursday a $200 million rise in sales in the year till March 31, to $1.3 billion.
It operates 31 retail stores across the South Island, and offers discounts in more than 4000 retail outlets.
CRT boss Brent Esler says the time is ripe for consolidation with rival co-op Farmlands.
He says CRT needs scale to continue influencing the market, and is confident an agreement with Farmlands isn’t far away.