Sharechat Logo

Cawthron sells wine testing lab to Hill in 'multi-million dollar deal'

Friday 23rd March 2012

Text too small?

Hill Laboratories, specialists in agricultural, environmental and food testing, has agreed to buy the Cawthron Institute’s Marlborough wine testing laboratory in what is described as a “multi-million dollar deal.”

The Cawthron Institute, researchers of coastal and freshwater systems, will transfer the operation of its Marlborough lab to Hill Laboratories in June following due diligence, it said in a statement. Nelson-based Cawthron’s environmental chemistry testing programme is also included in the sale. No price was disclosed.

“It is a pretty significant multi-million dollar deal,” said Martin Lovell a spokesperson for Hill Laboratories told BusinessDesk. “The Marlborough lab has about five to six people in it – it is predominately a wine lab which is one of the reasons we are interested in it.”

Hill Laboratories recently opened a new wine lab in Christchurch, launching its Vine to Vintage wine testing service.

The Marlborough lab is already export testing certified and fits well with our plans to expand further into the wine market, Hill said in a statement.

(BusinessDesk)

BusinessDesk.co.nz

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Ross McEwan to take helm at NAB
KPMG says bank capital proposals will wreck havoc on dairy farmers
Mild weather saps Vector's June-qtr volumes
NZ dollar gains as dovish Fed comments point to 50-bps US cut
19th July 2019 Morning Report
RBNZ says no change in approach on Resolution Life's AMP purchase
MARKET CLOSE: NZX50 hits record as yield stocks remain in vogue
NZ dollar mixed after strong Australian employment data
Energy efficiency key to lowering cost of renewables push - EECA
Paper recycling costs rising 35% as export markets collapse

IRG See IRG research reports