AUSTRALIA’S largest privately owned lotfeeder, Mort & Co, is set to acquire the site of northern New South Wales stockfeeds business, Guyra Milling.
This announcement follows the launch earlier this month of its new division, Mort & Co Stockfeeds, which is set to invest $20 million into a state-of-the-art stockfeeds facility at its Grassdale Feedlot near Dalby on southern Queensland’s Darling Downs.
Guyra Milling is located at Guyra on the New England Tablelands, one of Australia’s major wool, sheepmeat and beef cattle areas.
The business was established in 2007 by the Vivers family, and its mill has a maximum capacity of 20,000 tonnes per annum.
It currently supplies pellets in bulk, and bulka and 20-kilogram bags.
The agreement will see Mort & Co purchase the site and its physical assets, including the mill, three delivery trucks and some additional equipment.
The core Guyra Milling team members will continue with Mort & Co, ensuring the mill can remain open for business and provide a smooth transition for customers.
Guyra Milling operations manager, David McCathie, said the acquisition was a positive outcome for everyone.
“It’s fantastic news for our team and our customers that the mill remains operational,” Mr McCathie said.
“To be involved in negotiations with a business such as Mort & Co gives you confidence,” owner Belinda Vivers said.
“They are a strong company who are growing, but more importantly, they have great values, which has been evident in all our dealings with them.”
While Guyra Milling customers will be required to open a new trading account with Mort & Co in order to continue trading, there is expected to be little disruption to the business.
“For our existing customers, it’s fantastic to know that they will still be able to access all the products currently on offer, whilst Mort & Co explore innovative products and services to continue to support our customer base.”
“It’s an exciting time ahead for Mort & Co Stockfeeds and we look forward to welcoming David and the Guyra Milling team into the business on the 1st of July,” Mort & Co CEO Stephen O’Brien said.
“We’d like to thank the Vivers family for working proactively with us throughout this transaction and are grateful to them for entrusting the future of the business that herself and Jack built over 14 years to Mort & Co.”
Source: Mort & Co