{"id":3728,"date":"2022-09-26T04:06:00","date_gmt":"2022-09-26T02:06:00","guid":{"rendered":"https:\/\/www.ldc.com\/au\/?post_type=press-release&p=3728"},"modified":"2023-09-28T06:04:17","modified_gmt":"2023-09-28T04:04:17","slug":"louis-dreyfus-company-and-longriver-farms-enter-into-a-sale-purchase-agreement-for-emerald-grain","status":"publish","type":"press-release","link":"https:\/\/www.ldc.com\/au\/en\/press-releases\/louis-dreyfus-company-and-longriver-farms-enter-into-a-sale-purchase-agreement-for-emerald-grain\/","title":{"rendered":"Louis Dreyfus Company and Longriver Farms Enter Into a Sale & Purchase Agreement for Emerald Grain"},"content":{"rendered":"\n

Singapore<\/strong>, September 26, 2022 – Louis Dreyfus Company Asia Pte. Ltd. (LDC) and Longriver Farms announced today that the companies have entered into an agreement for the acquisition of Emerald Grain Pty. Ltd. <\/em>(Emerald Grain) by LDC.<\/p>\n\n\n\n

\u201cThis development is aligned with LDC\u2019s commitment to the Australian market, where LDC has been active for over a century, originating, processing and exporting grains, oilseeds and cotton, and with our strategic plans to further reinforce our leading position in core agri-commodities merchandizing activities,\u201d said Michael Gelchie, LDC\u2019s Chief Executive Officer.<\/p>\n\n\n\n

\u201cI want to thank Emerald Grain\u2019s management team and staff for their significant contribution to the successful growth partnership to date with Longriver Farms,\u201d said Longriver Farms Director, Brad Mytton. \u201cWe are pleased to announce this agreement with LDC, under which Emerald Grain\u2019s grower and customer network will benefit from LDC\u2019s scale and expertise in agri-commodities, for a continued growth journey going forward.\u201d<\/p>\n\n\n\n

Emerald Grain is a leading grain handling business in Australia, with a network of seven grain storage and receival sites across the states of New South Wales and Victoria, with a combined storage capacity of approximately one million metric tons, as well as a grain export terminal at the Port of Melbourne and marketing offices in Geraldton, Western Australia and Moama, New South Wales.<\/p>\n\n\n

\n
\"\"
One of Emerald Grain’s storage and handling facility at Elmore, Australia<\/figcaption><\/figure>\n<\/div>\n\n\n

Thanks to its ties with some 10,000 Australian farming families, an integrated supply chain and an experienced and dedicated team, Emerald Grain offers customers a broad range of grains products, including wheat, barley and canola, for export across Australia.<\/p>\n\n\n\n

\u201cThis agreement is an opportunity for all Australian growers in our network to access LDC\u2019s extensive global reach,\u201d said Emerald Grain CEO, David Johnson. \u201cLDC\u2019s leadership position in the global agriculture industry reflects its commitment to growers and customers alike, and we look <\/a>forward to continuing our journey as part of the LDC family.\u201d<\/p>\n\n\n\n

\u201cAs the oldest continually operating grain trading company in the country, LDC has a proud heritage of unparalleled commitment to Australian agriculture. With Emerald Grain onboard, we look forward to continuing to support Australia\u2019s farming community and grain industry, while reinforcing our origination network for key grains and oilseeds staples to meet growing customer needs worldwide,\u201d added James Zhou, LDC\u2019s Chief Commercial Officer and Head of Asia Region.<\/p>\n\n\n\n

The agreement is subject to regulatory approvals and customary closing conditions.<\/p>\n","protected":false},"excerpt":{"rendered":"

Singapore, September 26, 2022 – Louis Dreyfus Company Asia Pte. Ltd. (LDC) and Longriver Farms announced today that the companies have entered into an agreement for the acquisition of Emerald Grain Pty. Ltd. (Emerald Grain) by LDC.<\/p>\n","protected":false},"featured_media":3731,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[28],"tags":[],"class_list":["post-3728","press-release","type-press-release","status-publish","format-standard","has-post-thumbnail","hentry","category-acquisitions-and-disposals"],"acf":[],"yoast_head":"\nLouis Dreyfus Company and Longriver Farms Enter Into a Sale & Purchase Agreement for Emerald Grain || Louis Dreyfus Company<\/title>\n<meta name=\"description\" content=\"Singapore, September 26, 2022 - Louis Dreyfus Company Asia Pte. Ltd. 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