Banana grower Mackays 'entire operations' up for sale
Australia’s largest banana grower Mackays has reportedly put its entire farming operations up for sale, potentially selling for A$180m.
Source: just-food.com
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Australia’s largest banana grower Mackays has reportedly put its entire farming operations up for sale, potentially selling for A$180m.
The offering of Mackay Farming Group comprises nine farms in Tully and Lakewood that produce 13 per cent of the nation’s banana crop.
PSP Investments has paid more than $100m to secure more than 1000ha of macadamia orchards and vacant land from industry pioneers, the Steinhardt family.
Entrepreneur Dyson Bogg says converting sugar cane farms into greenfield macadamia orchards will deliver “super profits” to his investors.