Sydney harbor
Merricks Capital, which manages the A$470m Agriculture Credit Fund, will become part of ASX-listed Regal Partners in July 2024.
CEO Ejnar Knudsen says Devil Mountain Wholesale Nursery is the third recent divestment of a Fund II business, reflecting an active stance among strategic investors.
Salsa and tortilla chips
The salsa and tortilla chip business becomes the firm’s second acquisition since it closed its $425m debut fund.
Dairy giant Fonterra will listen to offers for its consumer brands as well as its manufacturing facilities in Australia, New Zealand and Sri Lanka.
Cotton growing in a field with sun rising
Australia's competition watchdog expressed concern that LDC’s acquisition of Namoi Cotton could ‘substantially lessen competition’ in the supply of cotton ginning services in northern Australia, among other issues.
Australia Windmill
The latest edition of Rural Bank’s annual analysis of Australian farmland values shows that growth rates continued to slow after an exceptionally strong five years.
Centuria has acquired Katunga Fresh’s glasshouse in Victoria through the unlisted Centuria Agriculture Fund.
Managing partner Phil Erlanger says a pivot away from ag by large investors has helped bring the remaining specialists like Aliment into a ‘more proprietary’ position.
Almonds
CAM has added walnuts and pistachios to a portfolio that already includes investments in almonds and macadamia.
Unifrutti chief executive Mohamed Elsarky says the global fresh fruit platform being built in part to strengthen the UAE's ‘food resilience’ is all about establishing scale.
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