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

Paul McBeth
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...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets
Govt invests $30m with coastal shipping 'winners'
Brent Melville | Wed, 25 May 2022

Government investment is seen as the starting point to creating a viable coastal shipping sector.

Media
Media firms adapt to avoid poaching
Daniel Dunkley | Wed, 25 May 2022

They call it the Great Resignation – a global phenomenon which has seen people leave their jobs in their droves since the pandemic. But in competitive sectors like advertising and communications, firms are fighting back.

Tourism
Are hotel prices 'courageous' or outrageous?
Brent Melville | Wed, 25 May 2022

Tourists can expect to see a jump in their hotel bills on the back of reduced availability, and as the industry scrambles to reinvent itself after a two-year hiatus.

Partner content
Small business lessons for attracting and retaining staff

Employers battling through the ‘Great Resignation’ are now faced with the ‘Great Brain Drain’.

Partner content
People leaders are key to wellbeing but still need help

One in three people say they have experienced an issue with an unsupportive manager