Balle Bros acquires Mr Chips from Simplot
Aug 28, 2013 (MarketLine Financial Deals Tracker via COMTEX) --
Balle Bros Group, a vegetable grower, has acquired Mr Chips Limited, a processor of potatoes, from J.R. Simplot Company, a US-based food processing and agricultural company. Balle and Mr Chips are based in New Zealand.
For the year ending September 1, 2012, Mr Chips generated sales of NZD56 million ($44.85 million) and posted a net loss of about NZD22 million ($17.62 million).
Deal Type Acquisition
Sub-Category Majority Acquisition
Deal Status Completed: 2013-08-27
Target (Company) Mr Chips Limited
Acquirer (Company) Balle Bros Group
Vendor (Company) J.R. Simplot Company
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