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Mercer Secures Canadian Order For Slicing Machinery

September 10, 2012

Immediate Release

Mercer Secures Canadian Order For Slicing Machinery

Mercer Group Limited, through its75% owned subsidiary Titan Slicers, has secured an order for more than $NZ 5m from Maple Leaf Foods in Canada.

Mercer CEO, Rodger Shepherd, said that on the back of this sale the company was looking to open a sales office in North America to capitalise on the opportunities that exist in this market.

Titan is a Nelson-based business that designs and manufactures world leading slicers, particularly for the bacon, ham, salmon and cheese sectors. It exports the majority of its products and has a strong forward order book.

“Because of this order and in anticipation of future growth, we are ramping up our production facilities at the Mercer manufacturing base in Christchurch,” he said.

The last six months has seen a sharp turnaround for the Mercer Group with the company recording its first six-month profit for many years, for the 6 months ending June 30, 2012.

“This deal supports the guidance provided to the market of EBITDA between $3m and $4m for the July 2012 to June 2013 financial year,” Rodger Shepherd said.


Background:Maple Leaf Foods is one of Canada’s largest firms and a leading consumer packaged food company, headquartered in Toronto with operations across Canada and in the United States, United Kingdom, Asia and Mexico. It employs approximately 24,000 staff.


ENDS

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