Costa may even safe a brand new citrus packaging facility
Australia’s Costa Group, a producer of contemporary fruit and greens, plans to amass a citrus farm in the important thing horticulture area of Sunraysia.
Sydney-listed Costa stated it has signed a conditional settlement to buy the farming operations of KW Orchards, together with a packing facility, EJT, a deal that may improve the corporate’s citrus acreage to 700 hectares in Sunraysia, a area that crosses into the states of Victoria and New South Wales. Phrases weren’t disclosed for the transaction that’s anticipated to shut in March.
When Costa issued its newest annual outcomes final month, it stated securing new citrus farmland was a “precedence” for the enterprise, which is the most important contemporary produce provider to Australian meals retailers. On the time, CEO Henry Debney stated the corporate was planning to develop a “large-scale packing facility” within the metropolis of Mildura, which falls throughout the Sunraysia area in north-west Victoria.
Debney stated in a press release at present (5 March): “This high quality acquisition will carry Costa’s complete citrus hectares within the Sunraysia area to circa 700 hectares, with additional acquisitions on this area deliberate over the 2021 calendar yr. KW Orchards has a gorgeous varietal combine nicely suited to the export market, and it’ll play an necessary position in our capability to take additional benefit of sturdy citrus export demand.”
KW Orchards has round 600 hectares of land, with citrus planting taking over 312 hectares and wine grapes 45 hectares. “The EJT packing facility is a medium-scale citrus packing operation situated half-hour from the KW farm and can present an appropriate interim packing answer,” Costa added.
As soon as the KW Orchards transaction is accomplished, Costa stated it’ll have round 1,100 hectares of land in Sunraysia, break up roughly as 700 hectares of citrus, 250 hectares of desk grapes and 130 hectares of wine grapes.