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Flat Glass Industries Ltd Announces Merger Of RTK Subsidiary With Rayson Industries Subsidiary Of Scholz Industries Pty Limited


Sunday, 30 Jun 2013 07:53pm EDT 

Flat Glass Industries Ltd announced the merger of its RTK subsidiary with the Rayson Industries subsidiary of Scholz Industries Pty Limited. The business will be named Rayson RTK Pty Ltd. Both names have been purposely retained, due to their strong market recognition and customer credibility. The business will be owned by the current owners, with Scholz Industries Pty Ltd holding approximately 65% and Flat Glass Industries Ltd approximately 35%. Note, the final shareholding will be determined after due diligence is completed in July 2013. The merger takes effect from July 1, 2013. It is expected that all details including due diligence will be completed by end July. 

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