Mercer to sell unprofitable medical division for $2mln

Mon, 05 Oct 2015

By Paul McBeth Oct. 6 (BusinessDesk) - Mercer Group, the stainless steel fabricator and manufacturer, has agreed to sell its unprofitable medical division for $2.03 million, kicking off an asset sale programme signalled in August when the company wrote off $6 million from the value of goodwill, assets and inventory. The Auckland-based company will sell the medical unit to CR Kennedy NZ, the local subsidiary of the medical, photographic, CCTV and survey equipment distributor, Mercer said in a statement. The sale is unconditional and is the...

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