Tomra acquires Compac fruit sorting company

Norwegian food, recycling and mining sorting business Tomra has acquired New Zealand fruit sorting company Compac for $70 million, with up to $230 million in earn-out payments available to vendors.

“The New Zealand founders and former shareholders of the Compac fruit sorting company are in line for up to $230 million in earn-out payments on top of the $70 million paid for the company by the Norwegian food, recycling and mining sorting business Tomra.”business.scoop.co.nz

• 2 sources
• business.scoop.co.nzBusiness.Scoop » Up to $300M in earn-outs available to Compac vendorsMar 1, 2017
• nbr.co.nzUp to $230 million in earn-outs available to Compac foundersMar 1, 2017

Summarized from public sources; check the original articles before acting on it.