Humes buys out A.C.I.
Humes, Ltd. has acquired the remaining 50 per cent of the issued capital of ACISloane Pty, Ltd. This was purchased from the American group, R. and G. Sloane Manufacturing Company, Inc, for $2,250,000. .As Humes paid $2,250,00 to ACI for its 50 per cent share in ACI-Sloane Pty., Ltd, the total cost to Humes is $4,500,000. ACI-Sloane Pty. Ltd, produces PVC fittings at its • plant in Melbourne. These fittings are marketed nationally under the GSR trademark.
Humes also acquired from A.C.I. the total issued capital of ACI - Nylex — a leading supplier of polythene pipe to the Australian market:
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19800714.2.108.16
Bibliographic details
Press, 14 July 1980, Page 22
Word Count
102Humes buys out A.C.I. Press, 14 July 1980, Page 22
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in