Plumbing solutions company Reliance Worldwide Corporation has announced that it has entered into an agreement to purchase Holman Industries for $160 million ($US 105 million), a seven times multiple on Holman’s EBITDA for the last 12 months. Holman is a Perth-headquartered, family-owned manufacturer and distributor of branded plumbing and watering products, sold through retail and…
Reproductive technology company Memphasys has announced findings from a trial at a stud farm of its semen storage and transport device in November, which will lead to further work on medium and operational improvements of the AI-Port product. In an ASX statement on Thursday, the company said the trial at the Hunter region, NSW site…
Silex Systems has announced an amendment to its 2019 offtake agreement with quantum technology business Silicon Quantum Computing, increasing SQC’s commitment for silicon products made from high-purity zero-spin silicon (ZS-Si) using Silex’s proprietary laser enrichment technology. According to a statement from Silex on Tuesday morning, the total value of the commitment has increased by $1.35…
Agrimin’s $1 million tax rebate Minerals business Agrimin has announced receipt of a tax refund worth $1.0 million under the Research and Development Tax Incentive program, related to R&D expenditure incurred for the Mackay Potash Project during the year ended June 30, 2023. The refund includes eligible overseas R&D expenditure. Debbie Morrow, Managing Director and…
ASX-listed phosphate chemicals producer Avenira has announced the raise of approximately $4.8 million before costs through a placement of new, fully-paid ordinary shares. Avenira is developing a phosphate mine at Wonarah in the Northern Territory and a lithium ferro phosphate (LFP) battery cathode materials plant at Darwin’s Middle Arm precinct In a statement on Wednesday,…
The defence contractor formerly known as XTEK has begun trading on the ASX under its new name, HighCom. In a statement on Wednesday, the company said that the change of name had been processed by the Australian Securities and Investment Commission. Its ASX ticker code has gone from XTE to HCL. The changes follow shareholders…
“Carbon leakage” review launched The federal government has opened public consultation on options to help address the risk of carbon leakage and its impact on heavy industries, such as steel and cement. Leakage occurs when industries move from countries with more ambitious emissions reduction policies to those with weaker policies. According to a statement on…
Fertiliser and explosives company Incitec Pivot announced on Monday morning that Brian Kruger has stepped down as Chairman and non-executive director, effective immediately, citing personal reasons. Kruger had been a director at Incitec since June 2017 and Chairman since July 2019. The company nominated delivery of sustained earnings for shareholders through COVID-19 and geopolitical instability…
What were the five biggest stories of the week? Here’s what visitors to this site were reading. 1) Brisbane’s Tritium to move production to US NASDAQ-listed electric vehicle charger manufacturer Tritium has ended speculation about the future of its Brisbane factory and announced that it will move production to Lebanon, Tennessee, in a bid to…
By Peter Roberts Shares in carbon fibre road wheel manufacturer Carbon Revolution disappeared from the ASX this week as the company’s shares began trading on the US NASDAQ exchange as Carbon Revolution Inc. The US listing was the culmination of a drawn out fight for survival which will see the company continue to manufacture at…
