Taranaki metal fabricator buys Mercer Stainless site for $3.95m - News Summed Up

Taranaki metal fabricator buys Mercer Stainless site for $3.95m


Mercer Stainless in Bell Block produce fabricated tanks and vats for the dairy industry. Taranaki metal fabricator Superior Stainless​ has bought the Mercer Stainless subsidiary site in Bell Block for $3.95m. Superior Stainless paid $2.1m above the book value for the Corbett Rd building, buying it from Christchurch-based food automation and packaging manufacturer, MHM Automation. READ MORE:* Mercer Stainless workshop in Taranaki to close“There's a lot of work coming up and we needed the capacity to expand.”Drinkwater, who is the sole owner, founded the company, which fabricates stainless steel, aluminium and mild steel to manufacture bench tops, stock feeders, milk tankers and silos. MHM Automation chief executive Richard Rookes​ said in September the sale of Mercer Stainless in Bell Block was a strategic decision as the business had become more focused on automation.


Source: Stuff January 18, 2021 01:30 UTC



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