October 24, 2008

 

Australian agribusiness buys fresh pork unit
  
 

Australian agribusiness Craig Mostyn Group (CMG) has acquired the fresh pork business of George Weston Foods/Watsons Foods (GWF).

 

With this acquisition, CMG would be able to ensure pig supply and therefore, a stronger supply of fresh pork to domestic and export customers. CMG also hopes to enjoy the support of existing GWF fresh pork customers, including supermarkets, who would now be supplied with CMG's Linley Valley Fresh pork brand.

 

In addition, CMG will own and manage GWF's 4,000-large sow farm "Wandalup Farms" starting November 7, including the farm's production contracts with grow-out units around the state, and some plant and equipment from Spearwood.

 

Last year, CMG invested several million of dollars to upgrade their boning line, with the capacity for full traceability of product from farm to fork. This year, the company has also invested in farm production units.