Olam offers Pittsworth pulse site for sale

Grain Central, April 17, 2023

Olam’s Selected Pulse Foods site at Pittsworth is for sale. Photo: JLL

OLAM Group’s Selected Pulse Foods site in Pittsworth on Queensland’s Darling Downs has been listed for sale.

Handling the listing Foods are JLL  executive – agribusiness James Mitchell and JLL director Geoff Warriner.

The site offers a combined silo storage capacity of around 2770 tonnes, a combined total warehouse space of 1975 square metres and specialised milling plant and equipment.

The freehold property cover 6488 square metres, and is 200km west of the Port of Brisbane.

“Exhibiting well-designed and practical infrastructure, the offering represents a unique opportunity to acquire an established milling and grain/pulse logistics facility within two hours drive of the Port of Brisbane,” Mr Mitchell said.

Mr Warriner said the facility was currently handling a variety of pulses and grains with processes including seed cleaning, grading, bagging and pulse splitting, milling, and oiling.

“It offers an intuitive investor vertical integration to their existing business or additional grain logistical
capabilities,” Mr Warriner said.

The greenfields site was developed in the early 1990s by the Al Ghurair family from Dubai to process chickpeas and other commodities.

The Al Ghurair conglomerate has become a major oilseed crusher and flour miller in the UAE, but has long since wound down direct involvement in Australian agricultural commodities.

Selected Pulse Foods is now owned by the Singapore-based Olam Group, the parent of Queensland Cotton following its purchase of the business in 2007.

Olam owns another grain and pulse processing and packing site at nearby Mt Tyson, which Grain Central understands Olam has no plans to sell.

EOI for Selected Pulse Foods close May 18.

Source: JLL


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