Mercer to buy automation firm Haden & Custance for $2.25M

Wed, 09 Nov 2016

By Paul McBeth Nov. 9 (BusinessDesk) - Mercer Group plans to buy Hastings-based Haden & Custance for $2.25 million as the unprofitable stainless steel fabricator transitions to a food processing and packaging business. The Christchurch-based company entered into a conditional deal to buy H&C's shares, which will add a robotics system used to prepare bulk products such as cheese and butter for processing, and offices in Melbourne and Wisconsin, US, it said in a statement. The deal would be funded through a placement of new shares or debt....

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