Hans Continental Smallgoods has confirmed that its parent company, Japan Tobacco Inc. (JT) will not proceed with the sale of Hans and Swickers Kingaroy Bacon to private equity investor firm Anchorage Capital Partners (ACP) as announced on 7 August.
The companies had been working through the transaction arrangements until yesterday when both parties agreed to terminate the agreement. The decision will not affect the on-going operations of either Hans and Swickers. Read more