21st February 2024 M&A / MHM
Listed food industry supplier MHM Automation intends to delist from the NZX following its proposed $151.4m sale to US-based Bettcher Industries.
Shareholders of listed food industry supplier MHM Automation have backed its proposed $151.4m sale to US-based Bettcher Industries.
Listed food industry supplier MHM Automation has received a $151.4m takeover offer from US-based Bettcher Industries priced at a more than 80% premium to its shareprice.
MHM Automation, which services the global dairy, meat, horticulture and food processing sectors, delivered a 107% increase in operating EBITDA to $9.87m in the year to 30 June 2023.
Listed food industry supplier MHM Automation has reported a net profit of $1.41m for the six months to December 2021, up 279% on the previous corresponding period.
MHM Automation, which services the global dairy, meat, horticulture and food processing sectors, delivered an after-tax profit of $4.1 in its annual results to 30 June 2021.
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