BLOG

Emerald Grain acquired by ROC Partners

08 December 20202 min reading

Emerald Grain, one of the largest grain marketing and supply chain businesses in Australia, has been acquired by entities associated with Sydney-based alternative investment management firm, Roc Partners. Emerald was previously owned by Sumitomo Corporation.

Emerald managing director David Johnson said the company had developed substantially under Sumitomo’s ownership and he looked forward to a new phase for the business with ROC Partners. “ROC Partners have numerous investments in Australian agriculture and represent an exciting step for Emerald,” Mr Johnson said.

“Sumitomo was involved with Emerald for many years, the past five as parent company, working strongly with Emerald as we restructured the business and refined our strategy – a very important period during which we appreciated Sumitomo’s support and guidance.

ROC Partners are entering the grain industry in a year when seasonal conditions are highly favourable in all our operating regions, they recognise the strategic nature of Emerald’s assets and are excited by our growth prospects” he said.

The transaction involves all Emerald’s business activities in grain trading and supply chain management continuing uninterrupted, a crucial point given the current grain harvest is well underway in much of the Australian grain belt.

“Emerald is already receiving grain at our country storages and moving grain to export positions,” Mr Johnson said. “All our activities with growers, customers and our various service suppliers will be continuing as normal through this very busy time.”

Articles in News Category
04 June 20204 min reading

GEA Pavan installs seventh production line for Polish breakfast cereal producer

GEA Pavan TT extruders (Photo OBST/Beniamino Gelain) Earlier this year, GEA Pavan successfull...

08 December 20202 min reading

USDA lowers EU corn supply outlook due to losses in France and Romania

European Union (EU27 + UK) corn production for 2020/21 is estimated at 64.2 million metric tons (...

04 August 20192 min reading

India’s pulses import estimated to fall record low

India’s pulses imports this year are expected to fall to one million tonnes from 6.6 million tonnes...