Matrix: Signs distribution agreement with Acotec
- Matrix Composites & Engineering has signed an agreement with Acotec to sell its products in Australia, New Zealand and Papua New Guinea
- Acotec is a Belgian-based coatings company and Matrix will exclusively distribute its Humidur Coatings products
- In addition to this agreement, Matric has also signed a conditional agreement with Acotec’s existing local distributor,
- Then the purchase expected to completed in early July, 2020
- Matrix CEO Aaron Begley pleased with the strategic investment
- On the market this afternoon, Matrix is up 6.25 per cent and is also selling shares for 17 cents each at 3:49 pm AEST
