Skellerup buys Auckland foam firm for $6.5 million

Sun, 28 Apr 2019

By Paul McBeth April 29 (BusinessDesk) - Skellerup Holdings has bought Auckland-based Nexus Foams for about $6.5 million, which it says will immediately boost the group's earnings. The deal is expected to close tomorrow, with Skellerup acquiring the Nexus business and assets. Nexus was founded more than 20 years ago by engineer Nick Davenport, whose family interests own the company. It develops high-performance foam and soft material components. Skellerup executive director David Mair said the Nexus acquisition will complement the com...

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