Dalby seed company sold to Agrocorp

DALBY-BASED seed and grain company Associated Grain has announced the sale of the business to Agrocorp International.

Agrocorp International is a global agri-commodity trading business, founded in Singapore in 1990.

Since its beginning, Agrocorp has grown substantially with offices in 14 countries including Canada, China, Turkey, India, Ivory Coast, Myanmar, and now Australia.

Agrocorp has made a significant commitment to new infrastructure at the Associated Grain, including an additional 2400 mt of storage capacity at the Warrego site, and several other projects are planned.

With the addition of the Associated Grain business, Agrocorp will now bring international markets directly to Australian growers.

This will further enhance opportunities for farmers in Queensland and NSW, providing a strong direct link into the primary markets of the Indian sub-continent.

Agrocorp has historically been one of the largest buyers of Australian chickpeas and this acquisition will give direct access to the end users of their products as well as the ability to supply timely and high quality market information.

Associated Grain advises that Todd Jorgensen will stay on in the business as chief executive officer.

Mr Jorgensen has managed Associated Grain for the past 20 years.

Key staff at Associated Grain, including Shane Mathieson, Mark Schmidt, Jacquie Borham, and Patrick O’Hara, will continue to work on the grains team, and Geoff Birch and his team will continue to operate the seeds business.

Crucial attributes of the Associated Grain business model, such as quality service and prompt payment, will be maintained as an integral part of the operation.