ETG Australia is pleased to confirm the acquisition of Wimpak, a grain receiving, cleaning and container packing site at Minyip in Victoria.
The announcement was made today by Shayne Clark, ETG Country Manager for Australia, and James French, General Manager for Wimpak. The official date for ETG's commencement is aimed at 1st of September 2019.
ETG took the opportunity to acquire the highly attractive Wimpak asset as a strategic complement to its well-established trading operations in Australia.
ETG's Shayne Clark commented: "After commencing our trading business in 2014, the acquisition of Wimpak marks a milestone for ETG Australia, being our first asset investment. We are excited about the prospects of Wimpak and plan to expand the business whilst maintaining the same level of service to the local farming community. ETG is committed to the pulse industry globally and we plan to grow further in Australia to complement our global value chain network"
James French said:"In what has been a long process for the current shareholders it has been wonderful to get this sale across the line, especially with someone of the caliber of ETG. I see it as a win for growers and ETG Australia. All staff will be continuing their employment in the town of Minyip."
WIMPAK P/L was formed in Minyip in 1998 by a small group of local farmers and investors, looking to add value to locally produced commodities. Their vision for the Company was to build a local grain packing and cleaning facility within the region, specializing in pulse type grains.
ETG owns and manages a vertically integrated agricultural supply chain for multiple commodities. The Pulse division is a core business that includes origination & procurement, processing, warehousing, shipping, transport, distribution and merchandising. The Company is active in 45 countries and is one of the largest and fastest growing integrated pulse supply chain managers. The company has supply chain operations in Africa, India, China, Australia, , Bangladesh, Canada, GCC and CIS Region. The acquisition of WIMPAK adds another processing facility to its multiple plants across India, Africa, Canada, Bangladesh and UAE.