LIC 0.00% 95.0¢ livestock improvement corporation ltd (ns) ordinary shares

Ann: ASSET: LIC: New owners and future for DAL

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. lightbulb Created with Sketch. 2
    					LIC
    27/02/2014 12:25
    ASSET
    
    REL: 1225 HRS Livestock Improvement Corporation Limited (NS)
    
    ASSET: LIC: New owners and future for DAL
    
    Dairy farmer cooperative, LIC, has purchased the assets and business of
    Waikato-based Dairy Automation Limited (DAL).
    
    DAL manufactures sensor technology for the real time (on farm) analysis of
    milk. The new ownership takes effect on 1 March and the business will
    continue to be known as DAL and will operate as a wholly owned subsidiary of
    LIC (NZ) Ltd maintaining the same customer relations with the same staff and
    from the same location in Hamilton.
    
    Announcing the acquisition LIC Chairman Murray King said while the majority
    of dairy farmers rely on official herd testing to monitor the production
    performance of their herds "a number want to make more use of complementary
    services providing daily insight to the components of the milk their cows are
    producing - volume, fat, protein, mastitis etc.
    
    "LIC is committed to pushing forward with new innovations that provide
    farmers with choice in the method of animal performance assessment on their
    farms, and the acquisition of DAL complements that choice."
    
    Ends
    
    For further information contact Clare Bayly, LIC Communications Manager,
    [email protected], phone 027 499 8862.
    
      www.lic.co.nz
    Livestock Improvement Corporation (LIC) is a New Zealand dairy farmer owned
    cooperative whose origins date back to 1909 when farmers joined together to
    compare and improve the production of their herds.  Over the ensuing 100+
    years LIC pioneered a number of innovations which, today, are fundamental to
    efficient and profitable dairying.  LIC's vision, to improve the prosperity
    and productivity of its farmers, sees the Cooperative work closely with
    farmers and the industry to deliver technologically advanced solutions which
    will influence, sustain and lift the performance and prosperity of the dairy
    farming industry.
    
      www.dairyautomation.co.nz
    Dairy Automation Ltd (DAL) was established in 2007 and designs, develops,
    manufactures and markets sensor technology for the real-time analysis of
    milk.  Key product lines include CellSense(TM) SCC Sensor, Yield Sense(TM)
    Milk Analysis Sensor, distribution of the Jantec range of electronic herd
    identification systems and distribution of the Gallagher range of Walk over
    Weigh scales.
    End CA:00247580 For:LIC    Type:ASSET      Time:2014-02-27 12:25:02
    				
 
watchlist Created with Sketch. Add LIC (NZSX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.