PacWest completes PurGro acquisition
PurGro has been bought by PacWest.
PacWest Equities may no longer be using merger and acquisition advisors, as its purchase of PurGro Electronics has been completed.
This deal could potentially enable PacWest's wholly-owned subsidiary World EcoSource to become a leading technology-based firm in organic food production by taking advantage of the innovations PurGro has made in hydroponic growing.
PurGro's developments almost eliminate the need for humans to be involved in the food production cycle, with watering, humidity and temperature all controlled automatically.
World EcoSource has developed the MobileFood and MobileFeed systems to help to deal with deficits in global food production, supporting the production of vegetable and protein consumables for livestock and humans.
PacWest specialises with bringing the right resources to underperforming enterprises to help to bring them to strength, growth and financial stability.
In particular, the brand focuses on firms that are struggling to bring bio-technologies and other unique goods to the wider market, but that have some form of positive upside.
Posted by Ken Hayes
Source: PacWest Equities press release, October 15th