PGW
23/07/2015 10:03
ASSET
NOT PRICE SENSITIVE
REL: 1003 HRS PGG Wrightson Limited
ASSET: PGW: PGG Wrightson buys Australian arable seed business
PGG Wrightson buys Australian arable seed business
PGG Wrightson (PGW) today announced that it has agreed to purchase the assets
of Grainland Moree Pty Ltd, an Australian seed business (Grainland).
Grainland is a seed production, cleaning and wholesale seed marketing
business based in the North West New South Wales town of Moree, one of the
biggest wheat receival points in Australia. Grainland is the largest
provider of proprietary cereal and pulse seeds to the district's arable
farming industry. In addition to its seed production and marketing
activities the business also custom cleans and grades cereals and pulses for
local farmers, warehouses up to 4000 MT of grain in its silo complex and has
a container packing facility.
PGW CEO, Mark Dewdney said "we continue to grow our Australian business
through acquisition of strategic assets. Grainland offers PGW Seeds a market
entry into the highly productive cropping area of North West NSW. The
acquisition aligns well with our strategy to grow our proprietary arable
seeds business and when coupled with our existing capability in the central
NSW town of Forbes gives us state wide coverage of the grains industry."
Grainland General Manager John Shepherd said "PGG Wrightson Seeds with its
much broader range of crop and pasture seed products, backed by plant
breeding capability, will open up new opportunities for Grainland's suppliers
and customers. We're pleased to be handing the business over to such a
well-resourced and respected company."
PGW Seeds owns or holds licences to produce and sell a full range of crop and
pasture seed products in Australia. PGW's Group General Manager of Seed &
Grain, John McKenzie commented that "Grainland has been a respected and
reliable provider of high quality planting seed since 1993. Grainland's
business culture aligns well with PGW Seeds commitment to improving farmer
productivity through high performance planting seeds."
The Moree location will also allow PGW Seeds to better service the temperate
and sub-tropical pasture seeds market with annual and perennial grasses,
legumes and forage crops such as oats, sorghum, millet and brassicas.
Further information:
John McKenzie, Group General Manager, Seed & Grain
Phone: 027 222 5434
End CA:00267326 For:PGW Type:ASSET Time:2015-07-23 10:03:18
