“Moving Ahead” with Primaries Mactaggarts!

“Moving ahead” was the headline for the very large (24 page) Queensland Country Life feature, published on the 10th November 1977. The feature coincided with a weekend managers conference held at the Queensland Wool Centre at Rocklea.

The worthy news discussed at the conference, was the release of details of a major company restructure by the board. Key points included: A new company was formed, to be named Primac Holdings Ltd. CIC Holdings Ltd. the parent company of CIC Insurance agreed to subscribe preference capital to the new holding company. Primaries Mactaggarts Association Ltd would continue to function in it’s existing role, becoming a wholly owned subsidiary of Primac Holdings Ltd.

This QCL feature kindly contributed by Bruce Vidgen.

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