AWB Limited will sell its seed and grain processing operation at Dimboola, in western Victoria to allow AWB to further concentrate its resources on its plant breeding and seed variety commercialisation businesses.
General Manager AWB Seeds Peter Wilson said the Dimboola processing and distribution centre was a sound business with a long-standing reputation for providing efficient cleaning and distribution services to the seed and grain industries.
“The evolution of the seeds business has meant that the best opportunities for AWB to add value to its customers and shareholders is through the development of plant intellectual property and the commercialisation of new varieties.” Mr Wilson said.
“In this context, the Dimboola processing plant does not fit well with our strategic direction, but will offer a potential investor a strong presence in seed and grain processing in south eastern Australia.”
Mr Wilson said the Dimboola operation, including cleaning equipment, considerable grain storage, land and a broad customer base, would be offered on a walk-in-walk-out basis.
“The sale of the Dimboola operation does not affect existing commitments AWB Seeds has with key technology suppliers, seed growers and its customers,” Mr Wilson said.
AWB Limited has a significant commitment to the development of new plant varieties for Australian farmers, having recently signed a Memorandum of Understanding with Syngenta Seeds, one of the world’s leading plant sciences companies.
In addition AWB Limited has a joint venture with the CSIRO and the Grains Research and Development Corporation, GrainGene.
For trade inquiries about the sale of the Dimboola processing operation please contact Peter Wilson, AWB Seeds, on 03 9209 2548.
For media inquiries please contact Paul Ryan, AWB Limited Communications Manager on 0408 347 282