Update: Scott Technology expects to accelerate expansion once JBS gets OIO sign-off

Thu, 24 Mar 2016

(Update: new angle, company comment) By Paul McBeth March 24 (BusinessDesk) - Scott Technology wants to accelerate its growth plans, which could include bigger acquisitions, once the Overseas Investment Office signs off on Brazilian meat processor JBS taking a majority stake in the industrial automation firm. The Dunedin-based company has unveiled a potential purchase of a German engineering firm it competes with in the appliance manufacturing space, which managing director Chris Hopkins said it will fund from its existing balance she...

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