CHS and CHA to sign on Thursday

CHS and CHA to sign on Thursday

It's official. Melbourne distributor CHA is to be acquired by US giant CHS.

The acquisition which was first reported in ARN earlier this year, will officially take place this Thursday, when full details are announced.

Bushell told ARN in early February that the deal would enable CHA to retain its identity and management.

The final price paid for CHA will be dependent on the performance of the company over the next two years. "Our situation is that if we didn't become part of a global organisation then we would have to compete with them," Bushell said at that time.

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