ASX-listed HRL Holdings expands Kiwi footprint with $30M Analytica Laboratories acquisition

Mon, 16 Oct 2017

By Paul McBeth Oct. 17 (BusinessDesk) - ASX-listed HRL Holdings will expand its reach on this side of the Tasman after agreeing to buy local food testing firm Analytica Laboratories for as much as $30 million. Queensland-based HRL yesterday signed a conditional agreement to buy all the shares of Analytica for a $13.3 million upfront cash payment and $5.7 million of scrip, with a further $11 million up for grabs if certain earnings targets are met in the following two years. The deal will be funded by a A$15 million placement to sophistic...

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