Flotation of another traceability company -- QED
Feb 21, 2006
A company that allows food processors to trace exactly where a piece of meat has come from intends to float on Aim (the junior market on the UK Stock Exchange) with a market capitalisation of £8m to £10m before the end of November.
QED Food Processing Systems, which currently only traces beef, is floating amid recent food scares and concerns over avian flu. Robert Stephens, chief executive, said the company had been formed following the BSE and foot and mouth outbreaks.
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