KPMG has been appointed as administrators of the venerable McWilliam’s Wines Group which has failed after 141 years of continuous operation. Gayle Dickerson, Ryan Eagle and Tim Mableson of KPMG were appointed administrators of McWilliam’s Wines and Mount Pleasant Wines and are undertaking a review of the company’s Griffith and Hunter Valley winemaking assets. They…
Ellex cashes in on medical lasers Ellex Medical Lasers (ASX: ELX) has sold its opthalmic laser (pictured) and ultrasound businesses to London’s Lumibird Grouyp SA for $100 million. The company will return cash to shareholders and focus its business on devices to treat glaucoma and macular degeneration, both fast-growing areas. The company’s Adelaide factory has…
It looks like the world’s biggest bong, but the photograph from pharmaceutical manufacture IDT Australia is strictly legit. The Melbourne company has begun manufacturing medicinal cannabis for local producer Cann Group (ASX: CAN). The first product, medicinal cannabis dried flower, were packed by IDT under GMP certified conditions and will undergo testing ahead of release…
Carbon nanotube concrete additive developer, Eden Innovations (ASX: EDE) begins 2020 the way it ended the previous year – with the announcement that another American state had approved the use of its innovative products. The company announced that North Carolina Department of Transportation had approved the use of EdenCrete PZ after extensive trials. This brings…