Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Hellaby Holdings Enters Battery Business


15 November 2006

Hellaby Holdings Enters Battery Business

Hellaby Holdings today notified the NZX that the Company had entered into an agreement to acquire 100% of HCB Technologies Limited from its private family owners.

HCB is the largest New Zealand owned importer and distributor of industrial batteries including automotive, commercial, marine, deep cycle, solar and motorcycle batteries and through its wholly owned subsidiary HCB Standby Technologies, large reserve battery systems and traction batteries for fork trucks.

David Houldsworth, Managing Director of Hellaby Holdings commented ‘HCB’s core business of automotive and industrial batteries fits very well with our major business areas and is therefore a very complementary acquisition for the Hellaby Group.”

Mr Houldsworth noted that “the current family owners have built the business up to the point where it has a strong position in the New Zealand market. We believe that we can continue to grow the business as part of the wider Hellaby Group.”

HCB will continue to operate as an independent, stand alone business under the Hellaby Automotive Division.

Due to a confidentiality undertaking with the vendors details of the purchase price cannot be revealed at this time.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>


Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>