A $1.6 million investment in the Netherlands signals growth for a Southland tulip business. Horizon Flowers NZ plants and processes tulip bulbs for export.
The business’ ultimate holding company is Dutch, and the Overseas Investment Office signed off on the deal in September. For the $1.6 million investment, Horizon Flowers NZ has acquired a freehold interest in 41.5 hectares, adjoining its current bulb processing facility.
The investment is likely to result in jobs for planting and harvesting the bulbs. The money could also increase exports to North America and Europe, as well as enhance the viability of its processing facility by securing the land to supply the bulbs, it says in the decision.
The office consented to the deal because the expected benefits were considered substantial and identifiable.
Horizon Flowers New Zealand Limited manager Roy Smak said he and his team were feeling positive about the news.
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