Scott Technology outbid overseas buyer in DC Ross deal

Tue, 21 Nov 2017

By Rebecca Howard Nov. 22 (BusinessDesk) - Scott Technology outbid an overseas buyer when it bought Dunedin-based engineering firm DC Ross out of receivership, a six-monthly report from the receivers shows. DC Ross, which supplies precision metal formed parts, was tipped into receivership in September 2016 and in June this year Scott Technology said it had entered an unconditional agreement to purchase all the assets of the company for a total purchase price expected to be less than $500,000. In its annual report, Scott Technology, a...

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