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Star Combo Announces Further Information on Ausway Acquisition

The business of Ausway is complimentary to Star Combo and is a significant customer of Star Combo’s contract manufacturing division (6th largest client). Location is Sydney and in various forms has been in business for approximately 10 years. The number of employees is 10.

The total consideration is agreed at 10 times June 2018 annual after tax profit (approximately $1m) therefore $10m payable.

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