HotRock LOGO cmyk-newHRL Holdings Limited (ASX: HRL) is pleased to announce that it acquired the New Zealand based company Precise Consulting and Laboratory Limited (Precise Consulting) on 1 April 2015.

The addition of Precise Consulting provides the HRL group the opportunity to add a profitable business with significant growth potential, supplementing the acquisition of OCTIEF Pty Ltd which was completed in September 2014. Acquiring Precise Consulting provides HRL with an opportunity, in the same business segment as OCTIEF, to move into the fast growing New Zealand market.

The Board of HRL Holdings Limited are confident the new merged entity will be beneficial in improving shareholder value whilst improving the service and resourcing capabilities of Precise Consulting.

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Precise Consulting specialise in the area of occupational hygiene consulting, asbestos, meth testing, and other hazardous materials management and testing.