Skellerup sells non-core rubber units to Tiri
ERJ staff report (DS)
Christchurch, New Zealand -- Skellerup Holdings is to sell its roofing, conveyor and containment businesses together with the business of Batavian Rubber Co Ltd for NZ$12.1 million (Euro 6.05 million) to Tiri Group Ltd, Tiri is a diversified manufacturing and distribution group wholly owned by Nelson-based American businessman Mr Tom Sturgess.
Skellerup chairman Sir Selwyn Cushing said the sale was a further step in repositioning the group as an international niche marketer and manufacturer of technical polymer products.
Batavian Rubber, was established in 1953 as a family company and produced latex dipped balloons and gloves until the company was purchased by Skellerup in 1961 with the original management being retained. In later years medical and industrial gloves and swimcaps were added to the latex products produced. The company now focusses on buying these and other products from manufacturers based in South-East Asia. It still makes some high-value goods in New Zealand, however.
This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.
Press release from Skellerup
Website of Batavian
This article is only available to subscribers - subscribe today
Subscribe for unlimited access. A subscription to European Rubber Journal includes:
- Every issue of European Rubber Journal (6 issues) including Special Reports & Maps.
- Unlimited access to ERJ articles online
- Daily email newsletter – the latest news direct to your inbox
- Access to the ERJ online archive