One of Australia's largest macadamia producers has sold its extensive network of orchards, along with a state-of-the-art cracking, processing and packing facility to an overseas buyer, while retaining the tourism and cafe arm of its family-run business.
abc.net.au/news/canadian-investment-company-buys-macadamias-australia/101921084A Canadian investment company has purchased the bulk of the farming and processing operations of one of Australia's largest family-owned macadamia producers in a deal reported to be valued at more than $100 million.
Macadamias Australia maintains more than 200,000 trees and harvests about 2,000 tonnes of nut-in-shell each year.The Steinhardt family has been cultivating the land in Bundaberg since 1958 and planted the farm's first macadamia trees in 2004. "We have invested heavily in growing the value-add and tourism aspect of the business, and are passionate about the industry and telling the story of macadamias, and that will be continued by the family."
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Moelis gets Sun Cable mandate, Australian and offshore firms involvedAustralia’s MA Moelis and its former parent company, Moelis & Co, have finally been mandated to sell Sun Cable, and launched the sale on Tuesday afternoon.
Read more »
Australian trade minister to meet Chinese counterpart next week as relationship thawsA long-awaited meeting between Australia and China's top trade officials will take place next week. For the rock lobster industry, a lift on trade bans can't come soon enough
Read more »
'Thoroughly un-Australian': Mum calls out Qantas blunder that left family stranded during holiday'We've been Qantas customers for decades and we've flown all around the world with them, so to be treated like this is just so disappointing, it's thoroughly un-Australian of them.' 9News
Read more »
'Thoroughly un-Australian': Mum calls out Qantas blunder that left family stranded during holiday'We've been Qantas customers for decades and we've flown all around the world with them, so to be treated like this is just so disappointing, it's thoroughly un-Australian of them.' 9News
Read more »
'We still talk about it': Why an Australian victory in India can last foreverIt's been over half a century since Australia's series win in India in 1969-70 but Ian Redpath and his teammates still swap stories about the victory.
Read more »
All countries must help prevent ‘catastrophic’ war amid China-US tensions, Australian minister saysIn a speech in London, Penny Wong calls on nations to examine how they use power and networks to avoid conflict
Read more »