One of the alleged offenders, a 29-year-old Te Aroha man, was arrested yesterday in Te Aroha and will appear at Hamilton District Court tomorrow.
The other suspect is around 170cm tall, of a medium build, with a distinctive crown tattoo above his left eye.
He had strong links to Te Aroha, Paeroa and the Eastern Waikato area, Loughrin said.
The man was considered dangerous and should not be approached.
Anyone who has information on the man's whereabouts is urged to contact Police on 111 or call Crimestoppers anonymously on 0800 555 111.
Police are also seeking information on any sightings of the grey 2017 Holden Colorado, particularly in the Waihi, Paeroa and Te Aroha areas.