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.
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Press release from Skellerup
Website of Batavian