Australia
August 20, 2013
Verdant Partners' Affiliate, SeedServ International Pty Ltd, Advised HSR Group Pty Ltd
The Blue Ribbon Group announced today that it has signed contracts to acquire the Wondai facilities of the HSR Group Pty Ltd (HSR Seeds). The purchase includes the seed storage area, seed grading plant, and offices. Also included is the Pedigreed Seed merchandising business, which has operated in Wondai for many years servicing the local farming community. Settlement of the sale will occur in two stages through the balance of 2013.
Stephen Donnelly, Managing Director of the Blue Ribbon Group said today: “We are delighted to be able to add these long established South Burnett seed grading and agricultural supply businesses to the Blue Ribbon group. They, along with the key staff from each of these facilities will help us develop our business to a much greater level in the Burnett region.”
HSR Group's CEO, Mark Manteit, said the company had been leaders in the Australian seed industry for almost 50 years and he paid tribute to the Coe and Campbell families and the dedicated staff in Wondai. Whilst this was the end of a long era for HSR Seeds, he congratulated Blue Ribbon and said he was pleased that the Wondai factory and Pedigreed seed businesses would continue and provide opportunities for local people.
Details of the transaction have not been disclosed.
HSR Seeds is one of the Australia's leading producers of hybrid grain sorghum, forage sorghum, sunflower, popcorn, maize and sweet corn seed. HSR Seeds have been pioneering research and development in Australian agriculture for generations. The company's owners and directors were involved in the earliest trials conducted on hybrid seed in Queensland in the late 1950's. HSR's developments in hybrid seed are helping other Australians to grow better crops, enhancing the nation's reputation for quality produce worldwide. For more information, go to: www.hsrseeds.com.au
Blue Ribbon is an Australian owned organisation that was principally established to service the global demand for quality pulses, dahls and tropical grass seed. Since its inception in 2000, Blue Ribbon has steadily extended its involvement into several other agricultural markets whilst developing a strong position in the international pulse and grass seed trade. They have become the leaders in Australia in a number of these product lines. Currently, their operation encompasses the processing, handling, marketing and containerised distribution of: a full range of Pulses and Dahls, flour, rice, grain for human and animal consumption, spices, and tropical grass seed. For more information, go to: http://www.blueribbonseeds.com.au
Verdant Partners LLC is recognized as the leading business brokerage and consulting group for agribusiness. Founded in 1998, Verdant's focus covers the span of crop production agriculture, with transaction experience extending beyond seeds and traits to all facets of crop-based agribusiness. Since 1998, Verdant has initiated and managed successful transactions and alliances valued at more than U.S. $2.0 billion. SeedServ International Pty Ltd is an affiliate of Verdant Partners and is based in Queensland, Australia. For more information, go to: www.verdantpartners.com
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