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Nuplex Sells Australian Medismart/Sharpsmart Biz
Nuplex Sells Australian Medismart/Sharpsmart Business
Nuplex is selling its Australian Medismart and Sharpsmart business for A$4 million to Stericorp Limited.
Nuplex signed a Share Sale Agreement for its shares in Nuplex Medismart and its 50% shareholding in Daniels Sharpsmart Australia, through Nuplex subsidiary Medihold International.
The A$4 million sale will be settled in accordance with the conditions of a vendor finance agreement signed between Medihold and Stericorp. This agreement provides for payment of the amount loaned within a period of 18 months. The loan will be interest free for the first 12 months.
Nuplex is committed to the medical and quarantine
waste business in its many locations in New Zealand and has
recently commenced a joint venture called Daniels Sharpsmart
NZ Limited for the supply of reusable sharps containers for
the safe management of syringes and surgical instruments.
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