Global agribusiness giant Louis Dreyfus Company (LDC) has announced the acquisition of leading Australian grain handling business Emerald Grain from Long River Farms.
Emerald Grain operates a network of seven grain storage and reception sites across the Australian states of New South Wales and Victoria, with a combined storage capacity of 1M tonnes. The company also has a grain export terminal at the Port of Melbourne and marketing offices in Geraldton, Western Australia and Moama, New South Wales.
“This development is aligned with LDC’s commitment to the Australian market, where LDC has been active for over a century, originating, processing and exporting grains, oilseeds and cotton, and with our strategic plans to further reinforce our … position in core agri-commodities…activities,” LDC CEO Michael Gelchie said on 26 September.
With links to around 10,000 Australian farming families and an integrated supply chain, Emerald Grain exports a range of grains, including barley, canola and wheat, to over 35 global markets.
“This agreement is an opportunity for all Australian growers in our network to access LDC’s extensive global reach,” Emerald Grain CEO, David Johnson said.
LDC said the agreement was subject to regulatory approval.
