N E W S - I N D U S T R Y M A T T E R S
Securely guide
hydraulic hoses
in the smallest
spaces
New energy chain from Treotham
reduces maintenance intervals
of construction machinery and
mobile cranes
With the new E2 hydraulic chain
we now have an energy and media
guide even for smallest installation
spaces on support legs.
Strong, space-saving and easy
to install, the igus e-chain guides
two hydraulic hoses in addition
to power and control cables. The
E2 hydraulic chain is an ideal
solution for special mechanical
engineering, and its use significantly
reduces the costs of
maintenance and downtime.
Special challenges require
innovative solutions. This is particularly
true for support legs on
many construction machines,
such as concrete pumps or
mobile cranes, which are characterised
by a large variety
of models, not least in the
components. The safe guidance
of hydraulic hoses is of crucial
importance here, because they
need to provide the machines
constantly and reliably even
under high mechanical stress
and strong weather conditions.
Efficient protection is provided
by the E2 hydraulic chain from
Treotham. It not only protects the
internal cables, but also prevents
torsion and bending of the hoses
through the predefined minimum
bend radius.
For a long time, igus has been
using the principle of the
"extender crossbars" when it
comes to creating more interior
space for the guidance of hoses.
For the E2/000 series and the
E4.1 and E4.1L systems, extender
crossbars, in addition to normal
crossbars, can be used with high
holding power to accommodate
additional hoses with larger
diameters. Thus, the entire
energy and media guidance can
be provided by one system.
Acquisition of Milmeq’s chilling and
freezing business
Mercer Group Limited (MGL) has announced
Protecting Marine Craft in New Zealand and the world for 30 years
Protecting Marine Craft in New Zealand and the world for 30 years
Superior Corrosion Prevention in New Zealand and the world for 30 years
Protecting Marine Craft in New Zealand and the world for 30 years
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Superior Corrosion Prevention in New Zealand and the world for 30 years REN152
16 February 2019
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Preserves both Metal and Painted
Surfaces
Highly Corrosion Resistant
Highly Cleansable Surface
Restores Paint Appearance
Long Lasting Protection
www.nyalic.co.nz
0800 692 542
Text 0274 351 069
✉ sales@nyalic.co.nz
Clear Hard Protective Coating
Highly Corrosion Resistant in
Aggressive Environments
www.nyalic.co.nz
Clear Protective Coating
Preserves both Metal and Painted
Surfaces
Highly Corrosion Resistant
Highly Cleansable Surface
Restores Paint Appearance
Long Lasting Protection
www.nyalic.co.nz
0800 692 542
Text 0274 351 069
✉ sales@nyalic.co.nz
Clear Hard Protective Coating
Highly Corrosion Resistant in
Aggressive Environments
Ideal for Circuit Boards and
Electrical Connections
Restores Paint Appearance
Long Lasting Protection
www.nyalic.co.nz
0800 692 542
Text 0274 351 069
✉ sales@nyalic.co.nz
that its wholly owned subsidiary
Haden & Custance 2016 Ltd (H&C),
has entered into an agreement to acquire
the chilling and freezing business
of Milmeq Limited.
The transaction is due to settle on 28th
February 2019 according to a release:
“This will provide more scale and diversification
to MGL, and is aligned with our
stated strategy of investing in technology
led businesses”.
Milmeq’s chilling and freezing business
designs, manufactures and installs automated
chilling and freezing tunnels
and plate freezing systems into the
meat, poultry, dairy and seafood industries
globally. It has strong market positions
in the red meat industry in Australia
and the cheese production sector
globally. It has an installed base of over
140 plate freezer stacks in Australia and
110 carton tunnels globally. In addition
to its core product offering, Milmeq has
a growing asset management business
that provides service, spare parts and
support to its customers.
The release says that there is significant
customer crossover between H&C and
Milmeq.
“This should allow the combined business
to provide further automated
products and solutions to its customer
base, leveraging the complimentary
skills of the two businesses. Milmeq has
a strong presence in Australia, with an
office in Brisbane, providing more direct
customer contact and ability to provide
services for H&C’s growing business in
that country. At the same time, the H&C
presence in Green Bay, Wisconsin, will
allow for more targeted growth of Milmeq’s
products in the North American
markets.
“It is H&C’s expectation that the key employees
from Milmeq will be retained,
allowing for continuity for customers.
Milmeq will also be providing a transition
team through to June 2019 to provide
further continuity. The acquisition is
structured as the sale sand purchase of
business and related assets, including
working capital funding. The purchase
price is based on net assets being acquired
and will be determined by way of
earn out in the period from settlement
to 31 December 2019.”
In a trading update the company announced:
“As outlined at the AGM, MGL
is trading positively with good workflows
in both Mercer Stainless and
H&C and for H&C, we have an order
book approaching the half year FY19,
of $15.5m, significantly in excess of the
whole year FY18 result. We expect to
generate a net profit for the half year to
31 December 2018 and expect the momentum
to continue into 2019 with a net
profit for the full year to 30 June 2019.
We would expect Milmeq’s contribution
to be accretive in the financial year from
July 2019.”
Milmeq flew the flag on the world's stage in Germany
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