AGT Foods Australia operated a grains storage and handling facility in Narrabri before it was acquired by Qube. Photo: AGT Foods

ASX-LISTED logistics firm Qube has further expanded its presence in the New South Wales grain sector with the acquisition of AGT Foods Australia’s Narrabri agri storage and handling facility.

Grain Central understands Qube paid around $7 million for the facility.

The AGT site is located immediately adjacent to the existing Qube Narrabri facility, adding 2.55 hectares of grain storage, container packing and handling capability.

AGT’s existing volumes will be handled by Qube including grain receival, outturn and container packing for export through Port Botany.

Qube director, logistics and infrastructure, John Digney said the acquisition further enhances the company’s grain presence in the region.

“This is an exciting expansion for Qube’s Agri and Grains businesses, creating the opportunity to increase volumes and expand capability in what is a key regional location, supporting exports through Qube’s ports,” Mr Digney said.

“Narrabri is a significant grains hub within the agricultural regions of NSW and Qube is proud to continue to grow our operations in this region, creating local jobs and supporting the local economy.”

Mr Digney said all AGT’s existing employees have been offered roles with Qube.

Qube’s rail business currently provides services from the Narrabri facility to AGT Foods who share the (former) Viterra container train operating between Narrabri and Port Botany.

AGT Foods Australia, is the domestic arm of Canadian-based AGT Foods.

Headquartered at Toowoomba, the company has a pulse processing sites at Horsham in Victoria and Bowmans and Kadina in South Australia.

Leading NSW grain exporter

Qube has been steadily growing its footprint in New South Wales’ grain industry over the past five years, beginning with its 2020 acquisitions of the Quattro terminal at Port Kembla and Agrigrain’s sites at Coonamble and Narromine.

It followed up with the purchase of the Newcastle Agri Terminal in 2021 and then acquired Viterra’s Narrabri Agri-Storage and Handling Facility in October 2023.

In January 2024, the company expanded into grain trading, aiming to more strategically leverage its storage, handling and rail assets.

In its half year to December 31 results announced in February, Qube said it had generated $337.5M in revenue from its grain-trading business, trading a total of 648,000 tonnes for the period.

At the time, Mr Digney said this outcome made Qube a leading figure in the state’s grain storage and handling network.

“The results speak for themselves.

“Qube was the largest exporter of grain out of NSW in the first half of the full year 2025 which (is a) pretty remarkable outcome.”