HRL Holdings will buy New Zealand-based Analytica Laboratories for NZ$30 million (A$27.4m) reports The Australian.

The consideration is comprised of NZ$19m upfront consideration in cash (70%) and scrip (30%), and cash earn-out up to NZ$11m.

Upfront consideration of purchase price and additional growth capital will be funded by an institutional placement of A$15 million.

| A News.com.au. release   ||  October 18,  2017   |||