Brief: Mercer Group Ltd Says Unit To Acquire Chilling And Freezing Business Of Milmeq Ltd

MHM Automation

07/12/2018 24:15

Dec 7 (Reuters) - Mercer Group Ltd  MGL.NZ :
    * EXPECTS MILMEQ'S CONTRIBUTION TO BE ACCRETIVE IN FINANCIAL
YEAR
FROM JULY 2019
    * UNIT HAS ENTERED INTO AN AGREEMENT TO ACQUIRE CHILLING AND
FREEZING BUSINESS OF MILMEQ LIMITED
    * IT IS H&C'S EXPECTATION THAT KEY EMPLOYEES FROM MILMEQ
WILL BE
RETAINED
    * MILMEQ WILL ALSO BE PROVIDING A TRANSITION TEAM THROUGH TO
JUNE
2019 TO PROVIDE FURTHER CONTINUITY
    * EXPECT TO GENERATE A NET PROFIT FOR THE HALF YEAR TO 31
DECEMBER
2018

Source text: (https://bit.ly/2G2MLgd)
Further company coverage:  MGL.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))