NZ's richest man Graeme Hart makes offers to buy the owner of Weight Watchers - report

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Billionaire Graeme Hart has made an offer to buy one of New Zealand's biggest food manufacturing companies, Hansells Food Group.

Graeme Hart

Graeme Hart

Source: 1 NEWS

Fairfax says it's understood  Hart, and his son Harry have signed a conditional contract for Hansells, which owns a number of food brands including Aunty Betty's, Weight Watchers, and Vitafresh.

Hansells ​managing director Ross MacKenzie said he and the Harts could not comment due to a confidentiality agreement. 

However, Fairfax said it is believed an announcement is due in the next few weeks.

The Hansells group posted a loss of about $6.7 million for the year to March 2017 and at the time, there was "significant doubt" about the group's ability to continue as a going concern.

​Hansells has been making baking ingredients since 1934 and has factories in Auckland,  Masterton, Australia and the UK.

Hart is New Zealand's richest man, with and estimated worth of $7.5 billion.

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