Posts Tagged ‘foreign investment in manufacturing’

General Electric buys Christchurch based Commtest

Comments Off | 08-22-2011

General Electric (GE) announced Friday the acquisition of Commtest, a provider and designer of machinery health information systems. GE Energy’s Bently Nevada product line, a global leader in condition monitoring, will incorporate Commtest products into its portfolio and enhance an already robust lineup.
Bently Nevada provides machinery protection and condition monitoring for refineries, petrochemical plants, power [...]

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GEA Group acquires New Zealand’s Nu-Con Ltd

Comments Off | 07-12-2011

GEA Group has acquired Nu-Con Ltd in Auckland, New Zealand, a major global supplier of powder handling components, complete powder handling systems and bulk filling lines. With 167 employees, Nu-Con generated some EUR 27 million in revenues during the FY ending March 2011.
Nu-Con’s powder handling systems are especially used for infant formula, dairy and other [...]

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Commerce Commission clears Comfort Group to acquire Dunlop Living

Comments Off | 06-26-2011

New Zealand Comfort Group, which owns the Sleepyhead mattress brand, has gained approval from the Commerce Commission to buy bed and furniture manufacturer Dunlop Living Ltd.
The clearance is conditional on the merged company agreeing to sell Dunlop’s foam underlay manufacturing business, the regulator said in a statement today.
Earlier this year, the Turner family-owned NZ Comfort [...]

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New Zealand Comfort Group seeks clearance to acquire Dunlop Living

Comments Off | 05-9-2011

New Zealand Comfort Group Friday sought clearance from the New Zealand competition watchdog, Commerce Commission, to acquire Dunlop Living Ltd.
The Commerce Commission Friday confirmed it had received an application from New Zealand Comfort Group Limited, formerly Sleepyhead Manufacturing Company Limited, seeking clearance to acquire all the assets of Dunlop Living Limited.
New Zealand Comfort Group manufactures [...]

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Scott Technology Limited acquires majority shareholding in HTS-110 Limited

Comments Off | 03-31-2011

Scott Technology Limited has acquired a majority shareholding in HTS-110 Limited, a Wellington based designer and manufacturer of powerful electromagnets and other associated technology which utilizes High Temperature Superconductors (HTS).
Scott Technology will fund the acquisition initially through debt, with the debt to be repaid following the completion of a proposed rights issue that will be [...]

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Fisher & Paykel Appliances and China’s Haier in deal for the supply of components and technology

Comments Off | 03-21-2011

Fisher & Paykel Appliances Holdings Limited announced it has entered into an agreement with Chinese firm Haier for the supply of components and technology, predominately motors. However, this agreement comes as an extension to business already conducted with Haier. The supply arrangement is for an initial period of three years, with provision for annual renewals [...]

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Christchurch manufacturers escape damage, as Macquarie Equities Research publishes a snapshot of the quake’s toll on various NZX-listed firms

Comments Off | 02-24-2011

According to the New Zealand Herald, some of Christchurch’s biggest manufacturers made it through the Tuesday quake with minimal damage. Most of the manufacturer’s facilities remained largely unharmed, despite the manufacturing sector being the biggest employer in the city as of 2009, according to ManufacturingNZ. The manufacturing sector is the second largest contributor to the [...]

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Sonoco New Zealand gains approval to acquire the business assets of T.T.L. Pacific Limited, says Commerce Commission

Comments Off | 02-5-2011

The New Zealand Commerce Commission has granted clearance for Sonoco New Zealand Limited to acquire the business assets of T.T.L. Pacific Limited. Dr Mark Berry, Commerce Commission Chair, said the Commission was satisfied that the proposed acquisition will not have, or would not be likely to have, the effect of substantially lessening competition in any [...]

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Graeme Hart to lift debt component of his proposed buy-out of an American spare car parts firm by almost US$100 million

Comments Off | 01-7-2011

New Zealand billionaire Graeme Hart is to lift the debt constituent of his planned takeover of an American spare car parts firm by almost US$100 million.
Rank Group, Hart’s primary investment vehicle, will meet with takeover target UCI International and prospective lenders on January 6 in New York to discuss part of the financing of the [...]

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Australia’s Symex Holdings Ltd subsidiary invests in New Zealand’s White King and Janola Business

Comments Off | 12-31-2010

Symex Holdings Limited announced its subsidiary had invested in an expansion strategy in New Zealand. Under the investment, the said subsidiary Symex and Pental Products Pty Ltd, a wholly owned subsidiary of Symex, entered into an agreement with Sara Lee Corporation and its related entities to purchase the White King and Janola Business. The White [...]

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