Spicers to sell Asian properties to Japan Pulp and Paper

Company News

by Rachael Jones

Industrial supplies company Spicers (ASX:SRS) is pleased to confirm that clearance has been received from the Competition and Consumer Commission of Singapore on the sale of its Asian operations to Japan Pulp and Paper Company.

The parties expect a completion date of December 11 this year for the transaction.

Operating from locations across Australia, New Zealand and Asia, Spicers is a leader in Commercial Print Paper, Sign and Display Consumables and Hardware, Digital Media, Label and Packaging materials, Architectural and Construction finishes and Industrial Packaging.

Shares in Spicers (ASX:SRS) closed flat at $0.05 yesterday.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.