Farsons take over Quintano

Simonds Farsons Cisk plc has announced it has completed its due diligence exercise on the assets and liabilities of Law. Quintano Ltd and has finalised the acquisition of these assets in line with the preliminary agreement announced on March 3.

The Office of Fair Competition has found the acquisition to be a lawful concentration and so approved the transaction.

An agreement covering the acquisition of the assets was signed yesterday at The Farsons Brewery, in Mriehel.

The new wholly owned Farsons company will now trade under the name of Quintano Foods Ltd.

The chairman of the board of directors of the new company is Louis A. Farrugia and the managing director is Norman Aquilina.

Mr Aquilina has been at the helm of Law Quintano & Co. Ltd for the last 11 years and is well known in the business community. He brings to Quintano Foods Ltd many years of experience in the food distribution business.

His management team will include two Farsons executives, Reno Tanti, who will be sales and marketing manager, and Charles Xuereb, finance manager. Philip Farrugia will be responsible for the operations aspect of the business.

All employees on the payroll of Law. Quintano & Co. Ltd on the date of the acquisition of assets have been offered employment with the new company.