Collins Barrow Toronto LLP appointed to conduct due diligence on GreenStar Agricultural's tomato pulp producer acquisition

TORONTO, Aug. 1, 2013 /CNW/ - GreenStar Agricultural (GRE-TSX.V) recently announced that the Board of Directors has retained Collins Barrow Toronto LLP ("Collins Barrow") to conduct due diligence on the proposed acquisition of a Chinese tomato pulp producer. The retention of Collins Barrow was recommended by a Special Committee of the Board formed to oversee the acquisition.

Collins Barrow will conduct a review of the financial details of the acquisition target for the past three years, review internally prepared pro-forma projections for the next three years, and report back to the Special Committee with any concerns regarding the foregoing. The due diligence process is expected to take up to forty-five days at which point the Special Committee will make its recommendation to the Board of Directors on whether, based on the results, GreenStar should proceed with closing the transaction.

About Collins Barrow

Recognized as Canada's mid-market leader for audit, tax and advisory solutions, our association of 22 independent member firms comprises the eighth largest public accounting group nationally by revenue. Through our strong network infrastructure, shared expertise, resources and offices from coast to coast, we provide clients ranging in size from large, publicly traded companies to owner-managed and emerging businesses with a full complement of professional services across every major industry sector.

Collins Barrow is an independent member of Baker Tilly International, the world's eighth largest accountancy and business advisory network by combined fee income. Together, we offer clients an established platform and access to the highest quality resources in the global marketplace.

About GreenStar Agricultural

Green Star operates two main divisions, agricultural and food processing. The agricultural division is involved in the cultivation and harvesting of agricultural products such as fresh fruit and vegetables, for sale either directly as fresh fruit and vegetables or canned, and sold overseas and domestically.  The food processing division is primarily involved in the processing of canned food, which includes canned tomato paste, canned boiled bamboo shoots, canned oranges, canned peaches and various other types of fruits and vegetables.

SOURCE: Collins Barrow

Vince Simonelli 
Partner 
Collins Barrow Toronto 
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Octavio Cabral 
Partner 
Collins Barrow Toronto 
416.322.1657 
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Janice Chan 
Media relations 
Akcessia - Mayk Ideas 
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