PIONEER SUGAR TAKE-OVER
United Chemicals Acquired Pioneer Sugar Mills, Ltd., Queensland, has acquired all toe share capital of United Chemicals Pty, Ltd. The chairman of Pioneer Sugar (Mr R. R. Russell) said that United Chemicals was a long-established maker of veterinary, agricultural and industrial chemicals in Queensland. The consideration is an exchange of shares. Details will be given. at the annual meeting next week. United Chemical* will be • wholly owned subsidiary of Mr N. W. Lockyer, former chairman of United Chemicals, will be managing dir&tor. The merger should give Pioneer an outlet into toe • commercial chemical fields with “highly beneficial results,” Mx Russell said.
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Press, Volume C, Issue 29497, 26 April 1961, Page 19
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104PIONEER SUGAR TAKE-OVER Press, Volume C, Issue 29497, 26 April 1961, Page 19
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