duces private label products and consumer brands including Lucky, Sonsol, Soland, Nuvit, Renshaw and Allinga Farms and while 275 hectares of the land contains mature orchards, it also has the soils and capacity for new plantings.The purchase price for the land and orchards is $11.9 million, and there's the potential for Select Harvests to double the planted acres.
Select Harvests will also acquire the 2014 harvest, expected to be between 800 and 900 metric tonnes.
Paul Thompson, managing director, said "Consistent with our strategy to grow our portfolio of almond orchard assets, we are delighted to have secured control over these high quality orchards in South Australia, meaning we are now diversified across the state of Victoria, NSW and South Australia.
"We will be establishing our presence in South Australia for the first time and our team is well prepared to enable a smooth transition ahead of the 2014 harvest. The company continues to seek a number of other opportunties at this time, in order to take advantage of the compelling almond industry fundamentals," he said.
