Friday 23rd March 2012 |
Text too small? |
Hill Laboratories, specialists in agricultural, environmental and food testing, has agreed to buy the Cawthron Institute’s Marlborough wine testing laboratory in what is described as a “multi-million dollar deal.”
The Cawthron Institute, researchers of coastal and freshwater systems, will transfer the operation of its Marlborough lab to Hill Laboratories in June following due diligence, it said in a statement. Nelson-based Cawthron’s environmental chemistry testing programme is also included in the sale. No price was disclosed.
“It is a pretty significant multi-million dollar deal,” said Martin Lovell a spokesperson for Hill Laboratories told BusinessDesk. “The Marlborough lab has about five to six people in it – it is predominately a wine lab which is one of the reasons we are interested in it.”
Hill Laboratories recently opened a new wine lab in Christchurch, launching its Vine to Vintage wine testing service.
The Marlborough lab is already export testing certified and fits well with our plans to expand further into the wine market, Hill said in a statement.
(BusinessDesk)
BusinessDesk.co.nz
No comments yet
Fletcher Building Announces Director Appointment
Meridian issues new demand response exercise notice to NZAS
CRP - Chatham Closes Private Placement of Shares
General Finance - Olympic Term Deposit Promotion featuring a Special Bonus of 0.1%
July 22nd Morning Report
VCT - Operational performance for the year ended 30 June 2024
Challenge to banks the way to go
Bigger returns or lower risk?
NPH - Director Appointment
July 19th Morning Report