C.F.C.A. to buy Timaru inventor’s company
The Canterbury Farmers Co-operative Association, Ltd, will acquire Paxarms, Ltd. a Timaru company, ! which manufacturers traniquiliser and deer tracking lequipment. Part of the consideration Js to be about 170,000 ordinary C.F.C.A. shares. i The company was founded I by Mr C. A. Murdoch, an in'ventor and chemist, whose child-proof pill container
won acclaim at the inventors fair in Brussels last year. The valuation of stock j held by the company is still to be ascertained and the exact number of shares to be issued will then be decided. C.F.C.A. says that Paxarms has excellent prospects for the expansion of exports. Mr Murdoch will remain L
with the company, and, in the first instance the export of the tranquiliser rifle will be developed further. The rifle has already been exported to 130 countries, but the market for it has never been fully developed because of the capitalneeded. C.F.C.A. expects to be able to develop markets for ja number of the company’s ; other products.
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Press, 19 June 1979, Page 21
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168C.F.C.A. to buy Timaru inventor’s company Press, 19 June 1979, Page 21
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