Tru-Test mulling three acquisitions, may seek shareholder funding as dairy exposure grows

Tue, 22 Oct 2013

By Jonathan Underhill Oct. 22 (BusinessDesk) – Tru-Test Corp, which doubled in size after buying a dairy industry equipment business, is considering three offshore acquisitions that would extend its exposure to the dairy industry, says managing director Greg Muir. The company made what it calls a transformational acquisition by buying Dairy Technology Services in January for some $73 million and the purchase contributed to a 12 percent uplift in sales for the 2013 year. Tru-Test raised almost $10 million from shareholders and Muir says inves...

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