CORRECT: Up to $230M in earn-outs available to Compac vendors, assuming turnaround

Tue, 28 Feb 2017

(CORRECTS headline figure) By Pattrick Smellie Feb. 28 (BusinessDesk) - The New Zealand founders and former shareholders of the Compac fruit sorting company are in line for up to $230 million in earn-out payments on top of the $70 million paid for the company by the Norwegian food, recycling and mining sorting business Tomra. The detail of the deal, announced last October, emerges in the Overseas Investment Office's notification of foreign investments approved in January and in a presentation to shareholders published by Tomra with its...

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