Agrocorp acquires Queensland-based Associated Grain for A$25m

Singapore

SINGAPORE-BASED agricultural commodities trading and processing firm Agrocorp International announced its acquisition of Associated Grain, a leading Australian processor of pulses and seeds, for A$25 million (S$26.6 million) on Tuesday.

The acquisition is part of Agrocorp's strategy to expand its processing business and access more of the value chain, as well as to consolidate its leadership in the pulses industry. Associated Grain's operations will complement Agrocorp's in allowing it to procure grains directly from farmers, and supply them with seeds ahead of the planting session.