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Driedfresh - Capital Raise for Expansion

Consumers are increasingly looking for high quality, healthy food products - such as New Zealand natural, organic, raw, paleo and medicinal - in different formats including dried powders and pieces.

Consumers are increasingly looking for high quality, healthy food products - such as New Zealand natural, organic, raw, paleo and medicinal - in different formats including dried powders and pieces. 

The global market is looking for high quality, dried fresh New Zealand grown powders for smoothies and health drinks plus ready meals for emergency rations and specialist applications such as mountaineering, yachting and sports nutrition. New Zealand grown produce, and the worldwide demand, may in the future see New Zealand Non Dairy Powder take over the No.1 food export position of Fonterra’s white milk powder.

The dried food market is estimated at around US$400 billion worldwide and the market for Organic foods is already at US$38 billion per annum, with strong growth in niche segments such as medicinals and emergency rations. Processors like Chantal, Heinz, Cedenco,Tallys and Fonterra are looking for technology that can deliver these end products at high quality and low cost. Farmers, especially organic producers, are looking to increase crop yield and add value to their crop and avoid wastage.


New Technology

Over the last 15+ years Driedfresh has developed and refined a dehydration technology that allows fruit, vegetables and other foods to be dried at lower cost and superior quality to alternative methods such as thermal and freeze drying. The end result is a robust dried product, which commands a premium selling price due to superior colour, flavour and bioactivity, but which can be produced cheaper than many non-organic grown products. This will turn the tables for organic growers.

The latest produce prices from Driedfresh using the OVDMA Driedfresh driers, and the New Zealand Government Non Dairy Drying report outlining known competing dryers worldwide and available to dry New Zealand produce, can be downloaded from the Driedfresh website under News.

The business is about to take possession of a brand new Scott Technology built dryer to rapidly increase its produce volumes. And as the business grows over the next 12 months, it will move to a scaled purpose built facility to serve its customers in the most efficient and high quality environment. 

Investment opportunity

A new company, DryNZ Limited, has been set up to take over Driedfresh’s existing Waiuku operations and extensive customer base.

DryNZ is looking to partner with investor/s - who may also be interested in taking some form of active participation in the business - to provide some initial new capital to accelerate the growth of the existing business. This will be $240,000 through the issue of new ordinary shares in DryNZ Limited in return for 30% of the total shares on issue post investment. All applications, including those from passive investors, will be considered.

Note that this is the first of 2 capital raising rounds to provide funds to accelerate the growth of the existing business. The second capital raising round will be in a new company set up to build a drying plant in Drury with up to 5 driers. That round will be in the order of $4 - $5 million and investors in this first capital raise will have the choice of taking up shares in the new issue or selling their shares in DryNZ to the new company at a price to be agreed.

For further information email or call me on 09 307 3257 or 021 902 901.


The above investment is not an offer of financial products that requires disclosure under the Financial Markets Conduct Act 2013 (Act) and is available only to wholesale investors as defined by that Act. It is intended for distribution only to selected people to whom, under the relevant laws, it can be lawfully distributed. It cannot be distributed in any other jurisdiction, or to any other people. It is not an offer or solicitations in any jurisdiction in which such offers or solicitations are not authorised, or in which the person making such offers or solicitations are not qualified to do so, or to any person to whom it is unlawful to make such offers or solicitations. Any representation to the contrary would be unlawful. No action has been taken by any person that would permit a public offering in any jurisdiction where action for that purpose would be required.



John Paine B.Sc., Dip BIA
TBK Capital Limited
Level 10, BDO Building
120 Albert Street
Auckland 1010, New Zealand
Phone +64 9 307 3257
Fax +64 9 309 4519
Mobile +64 21 902 901

For more information, please click the contact button below to send us a message.


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