Founded by Max Farndale 1947 - 2018
NORTHWICH, UNITED KINGDOM–(Marketwired – Sep 16, 2016) – Dechra Pharmaceuticals PLC (LSE: DPH) is pleased to announce that it has agreed terms to acquire the business and assets of Apex Laboratories Pty Ltd (‘Apex’), a privately owned veterinary pharmaceutical company which manufactures, markets and sells branded non-proprietary prescription and other related companion animal products in Australia and New Zealand (the ‘Acquisition’). The Acquisition includes the purchase of Apex’s manufacturing site. Apex is ultimately controlled by Mr Anthony McGloin who is a descendant of the founder of Apex.
The Acquisition will provide Dechra with direct access to the established and growing Australian companion animal product market which has c.4.2 million dogs and c.3.3 million cats*, a market in which Dechra currently operates through partners. It will also offer a base from which to support and build Dechra’s expansion in the Australasian and Asian regions.
Apex, which was established in 1962, is based in Somersby near Sydney, Australia, and employs 39 staff. For the year ended 30 June 2016, its reported revenues were AUS$14.8 million (£8.4 million) and operating profit was AUS$5.2 million (£3.0 million). Dechra is acquiring gross assets with a carrying value of AUS$14.8 (£8.4 million) million at 30 June 2016.
Apex is currently managed by an experienced and technically skilled management team, who will be staying post completion to continue to run and manage the business.
The total consideration for the Acquisition, which is expected is to complete on 14 October 2016, is AUS$55.0 million (£31.3 million). This will be funded from the Group’s own cash and debt resources. The acquisition is expected to be earnings enhancing in the first 12 months.
Commenting on the acquisition, Dechra’s Chief Executive Officer, Ian Page said:
“We are delighted to expand our presence in the Australasian market through the acquisition of Apex which has a technically skilled and experienced team. Its portfolio offers a range of veterinary licensed products that are complementary to Dechra’s offering, making the business a natural fit within Dechra’s therapeutic portfolio. The facility produces a wide range of dosage forms and has capacity for growth. We believe that the combination of Dechra and Apex are well placed for continued growth in the Australasian and Asian veterinary pharmaceutical markets.”
The Tasman Global Access (TGA) undersea cable is now in the final stages of construction, with the specialised undersea cable ship ‘Ile de Re’ heading towards New Zealand shores.
On both sides of the Tasman, Spark, Vodafone and Telstra are investing approximately $US70 million to build the TGA cable, designed to “significantly improve” New Zealand’s international broadband connectivity.
The benefits of the TGA cable will include strengthened links into fast-growing Asian markets, important redundancy and resiliency, and better connection with the five main international cable systems currently serving Australia.
Last month, the Ile de Re completed the shore landing at Sydney’s Narrabeen Beach, before commencing the cable lay across the Tasman Sea.
The Ile de Re started on its journey towards New Zealand on August 30 and currently is working 500 nautical miles off the coast of Sydney.
The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit"
Tweets are holding steady at 140 characters, but a variety of additions to your tweets will no longer count against that limit. As The Verge reported last week, Twitter said today it was rolling out expanded tweets around the world. Media attachments including images, GIFs, videos, and polls will no longer count against the 140-character limit. Neither will quote tweets, though if include a link to another tweet in your own that will count as normal.
The company is also testing out new replies that will omit usernames of the people you are replying to from the character limit. If you reply to multiple people at once, Twitter omits all of them from your tweet, according to a GIF the company shared.
These are welcome changes from Twitter, which has dragged its feet in rolling out expanded tweets after developing them for more than a year. The company designed tweets that could contain up to 10,000 characters but abandoned the design amid concerns that it ran counter to Twitter's identity as a place for brief updates. The plan was later scaled back to the changes that are rolling out today.
By Casey Newton @CaseyNewton Sep 19, 2016, 1:19p
Container shipping line Mediterranean Shipping Company (MSC) has unveiled its new Australia and New Zealand headquarters located in a recently renovated heritage building in Fremantle.
MSC has been operating its Australasian business from Western Australia for the past 16 years. The company says the time zone of WA enables effective communication between its international headquarters in Switzerland and its Australasian business.
MSC Australasia MD Kevin Clarke says the Fremantle headquarters offer a strategic gateway to MSC’s global network. "MSC moves more than 700,000 twenty foot equivalent units (TEU) through Australian and New Zealand ports every year," Clarke says. "We offer unparalleled local expertise and access to a truly global transport network, connecting local businesses to the world. "MSC is investing in the Australian and New Zealand market and we are here for the long haul."
New Zealand is a small island nation in the middle of nowhere, and that makes it the perfect location for launching rockets. A new deal between space company Rocket Lab and the state-owned Airways—which takes care of air traffic control services—means New Zealand could soon be leading the world in space launches. Rocket Lab plans to soon launch up to 100 rockets a year from its remote site on Mahia Peninsula, on the East Coast.
The potential economic impact of Rocket Lab has been valued at $1.5 billion over the next 20 years. Airways chief operating officer Pauline Lamb says there could be more to come. Lamb told Sunday Star Times that other companies needed to take a "deeper look" at what New Zealand has to offer. NASA and Google have both previously used the country for balloon launches.
Maria Pozza, a specialist space industry lawyer, said the deal sets New Zealand up to be a space-faring nation. "It is realistic that New Zealand will become a space hub, especially for small satellite launches and operations as a result of its geographical location, excellent governance structures, and reputation for technological ingenuity," said Pozza.
Are you an experienced multi-site Manufacturing Manager looking for your next position?Are you looking to join a leading global food company that is experiencing significant growth by developing new products and acquiring the licences for established household brands?
We are looking for a Manufacturing Director to oversee 10 sites throughout Australia, New Zealand and The Pacific Islands. This is a global company with a regional headquarters in Australia and the majority of their manufacturing in New Zealand. The company is enjoying significant growth and to ensure that this continues, we are seeking a highly experienced and strategic leader for their manufacturing operations to be based in New Zealand.
AUCKLAND, NEW ZEALAND and HONG KONG, CHINA--(Marketwired - September 19, 2016) - CBX Software, the leader in Total Sourcing Management announced today that The Warehouse Group, the largest retail group operating in New Zealand, has selected CBX Cloud to streamline its product development and global sourcing operational processes.
The Warehouse Group is made up of some of New Zealand's most iconic retail brands, including flagship, The Warehouse brand, along with Warehouse Stationery, Noel Leeming and Torpedo7. Together, the Group brands provide New Zealanders with products and services that stretch from the basic to the premium.
The Warehouse Group is expanding its private-label merchandise assortments and growing its international direct sourcing operations. Such growth has highlighted challenges relating to today's manual and spreadsheet based processes.
The CBX Total Sourcing Management platform will enable The Warehouse Group to streamline its product lifecycle from product ideation, sourcing, production, quality assurance. Domestic and international Warehouse Group teams will utilize CBX Cloud applications over the web to manage everything from technical specifications, samples, orders and deliveries. Furthermore, CBX Cloud, as a central information and workflow platform, offers a powerful Critical Path Management feature that provides the Group's leadership with near real-time visibility across its supply chain, in turn empowering better decision making.
"We selected CBX based on an extensive review and we were impressed with the company's previous successes in implementing retail sourcing and supply chain optimization solutions," said Nick Tuck, Executive General Manager, Group Sourcing and Initiatives. "We are confident that by streamlining our global supply chain using CBX Cloud, we will see a number of benefits including better inventory and supply chain management and a reduction in time spent on manual spreadsheets."
"When we first met with The Warehouse leadership, we were encouraged by the Group's determination to optimize its sourcing operations." said Michael Hung, CEO at CBX Software, "We are excited that The Warehouse group has selected CBX Software to help them to achieve their goals, and we look forward to our long term, strategic partnership moving forward."
Read more: http://www.digitaljournal.com/pr/3075066#ixzz4Kka7hMtg
Another barrier to consumer empowerment has fallen to technological disruption with the launch of a free credit rating service. CreditSimple.co.nz brings an overseas model to the local scene and gives instant access to an individual's credit score based on information held by credit agencies.
The website makes its money by then enabling users to get better deals from banks, energy companies and telecommunication providers, who are big users of credit agency services, and taking a commission on the deal.
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First industrial-scale heist since 1855.
The clean getaway of the Ashburton rustlers and their 500 –cow heist underlines the imminence of New Zealand of stock theft as a continuing threat. The theft is the first such large-scale one in more than a generation.
In New Zealand a 500 plus herd is considered a large one and this is the first incident in which such a large number of farm stock have been officially reported as missing.
The cows, in calf, appear not have been insured thus indicating a straight out rustling operation. The non-insurance of the animals points to the rarity in New Zealand of the rustling problem especially on the industrial scale of this one.
Even though rustling is rarely referred to in New Zealand, farmers are constantly aware of the incipient problem and in recent years it has led to increasing friction between agrarian interests and the national promotion of the leisure-tourist sector.
Farmers are eager to cut off roads to scenic areas, notably rivers. There are no farm right-of-ways in the British tradition.
Neither is there the tradition in New Zealand of open-range grazing and this has meant that branding has never been a feature of cattle identification. Damage to hides, and thus diminution of value, remains another factor here.
The standard identification is the ear tag, often carrying digital data. A problem here is that the ear tag technique invented in New Zealand was not designed to counter rustling.
The mid Canterbury heist mystery-within-a-mystery is why such a large scale cattle rustling operation should have been staged at such a low point in milk, and thus cow, values.
Still another element was the disappearance of the herd in mid-Canterbury, an agrarian region intensively farmed and thus well-populated by rural standards.
The episode is worrying for the grazing sector because it indicates the presence of an organised receiver or fencing structure. What has been the fate of the cattle?
Until this incident, the rustling pattern has been most evident in the more populous North Island where it has been confined to small batches of animals seized by opportunist malefactors.
The mid Canterbury rustling is the first such organised theft recorded in New Zealand since 1855.
This was carried out by James Mackenzie who identified a hitherto undiscovered geographical basin in the middle of the Southern Alps..Into this unknown zone he drove his immense and purloined flocks. Mackenzie, and his activities were only discovered when of necessity he had to drive his flocks to the main markets on the coast.
The Mackenzie Country, a vast and stark area dotted with lakes is named after him. It was Mackenzie who was the genesis in New Zealand of the myth of the romantic moonlight outlaw partnered only by his dog. He is commemorated in statue (pictured).
For New Zealand graziers though there is nothing alluring about the prospect of there being in existence an organised criminal structure supporting the modern version of Mackenzie.
From the MSCNewsWire reporters' desk
Palace of the Alhambra, Spain
By: Charles Nathaniel Worsley (1862-1923)
From the collection of Sir Heaton Rhodes
Oil on canvas - 118cm x 162cm
Valued $12,000 - $18,000
Offers invited over $9,000
Contact: Henry Newrick – (+64 ) 27 471 2242
Mount Egmont with Lake
By: John Philemon Backhouse (1845-1908)
Oil on Sea Shell - 13cm x 14cm
Valued $2,000-$3,000
Offers invited over $1,500
Contact: Henry Newrick – (+64 ) 27 471 2242
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