August 4, 2008


PIC acquires Tong Park

The Pig Improvement Company (PIC) has acquired Australia's biggest piggery, Tong Park, for an undisclosed price.


Tong Park, located in Darling Downs region of Queensland, houses nearly 7,000 sows and piglets.


PIC chief executive officer Paul O'Leary said the pork industry is facing challenges such as high grain prices and fluctuating currencies.


However, O'Leary said the company had opportunities and the strength of Tong Park in terms of output consistency and good quality has given PIC confidence to go forward with the investment.

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