ASX-listed Inventis sells unprofitable kiwi furniture unit to Hamilton-based firm

Mon, 16 Feb 2015

By Suze Metherell Feb. 17 (BusinessDesk) - Inventis, the unprofitable furniture and technology company, has sold its New Zealand unit to a Hamilton-based building firm for an undisclosed sum. Crater Lake Developments bought Gregory Commercial Furniture (NZ), via a new business entity called Damba Gregory Commercial Furniture, as well as a license to the intellectual property of the Australian furniture brand, the ASX-listed company said in a statement. Last November, Inventis restructured the unprofitable kiwi operations after talks to se...

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