Rip Curl – RIP another Australian manufacturing dream fades away

Comment by Peter Roberts The news this morning is that Rip Curl, the iconic Torquay Victoria surf brand is being sold to New Zealand’s Kathmandu for $350 million. And so another great Australian dream of designing and manufacturing great products completes its long, slow decline to full overseas ownership. The Rip Curl story is yet…

Nufarm sells out of South America

Australian seeds and crop protection specialist Nufarm (ASX: NFM) today announced it had sold its South American operations to Sumitomo Chemical for $1.9 billion. The company sold its businesses in Brazil, Argentina, Columbia and Chile and will continue to supply the operations under an agreement wth the Japanese global group. The sale represented a multiple…