Abu Dhabi – United Arab Emirates
November 15th, 2016
Al Dahra Agriculture, a prominent international feed and food agribusiness player, has announced today that it has completed the acquisition of the majority shares of “Glenvar Hay Pty Limited”, a reputable feed processor, based in Australia, leading to the formation of a new entity “Al Dahra Glenvar Hay Pty Limited”.
The founder of ‘Glenvar Hay Pty Limited’, Glenvar Pastoral, has been producing a variety of quality feed products, particularly Oaten Hay and Wheaten Straw since 1925. Glenvar Hay Pty Limited has an established sales network domestically in Australia and overseas across Asia and the Middle East.
As a result of this acquisition, which was facilitated by the Western Australian Trade Office (WATO), Al Dahra Agriculture will gain access to a strategic growers and suppliers base, in addition to farming land in Western Australia.
The plant that “Al Dahra Glenvar Hay Pty Limited” will manage and operate is strategically located in the wheat growing belt which secures the availability of raw materials at competitive rates. It is also at proximity of key highways and shipping ports, allowing a swift and uninterrupted movement of containers. The factory is equipped with the latest pressing and baling technologies, an in-house laboratory and storage facilities.
On this occasion, HE Khadim Al Darei, Vice Chairman and Managing Director of Al Dahra Holding commented: “this initiative constitutes another milestone in terms of Al Dahra’s strategy to geographically diversify investments and establish presence in the Southern Hemisphere in order to ensure product availability across all seasons and mitigate market risks. In addition, the acquisition further strengthens our commitment to our growing customer base in Asia and the Middle East and our dedication to satisfy the particular needs of those markets. We also look forward to working closely with the farmers operating around Glenvar to increase the value of their crops by opening up new export markets for their products”.
In turn, Stephen Lammond, appointed as General Manager of “Al Dahra Glenvar Hay Pty Limited” commented: “we are excited to join a fast-growing and ambitious group of companies such as Al Dahra Agriculture and a specialized animal feed farming, processing and trading leader. This partnership will bring many future growth opportunities for the business that we have been nurturing since inception and will strengthen our position in the feed industry”.
Many integration initiatives are scheduled to commence over the coming few months to ensure a smooth and comprehensive transition in alignment with Al Dahra Agriculture business and operating model.