GrainCorp to acquire two edible oil businesses for $490m
date:Aug 29, 2012
two businesses to create GrainCorp Oils, which will have a capacity to crush more than 300,000 tons of oilseeds per year, with 280,000 tons of annual edible fats and oils refining and packaging capacity.
GrainCorp managing director and chief executive officer Alison Watkins said the purchase of the two businesses is in line with the company's strategic focus on its three core grains - wheat, barley and canola.
Together they build on GrainCorp's existing supply chain management and grain marketin
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