Australian macadamia farm sells to Canadian investment company in $100m deal

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One of Australia's largest macadamia producers has sold its extensive network of orchards, along with a state-of-the-art cracking, processing and packing facility to an overseas buyer, while retaining the tourism and cafe arm of its family-run business.

abc.net.au/news/canadian-investment-company-buys-macadamias-australia/101921084A Canadian investment company has purchased the bulk of the farming and processing operations of one of Australia's largest family-owned macadamia producers in a deal reported to be valued at more than $100 million.

Macadamias Australia maintains more than 200,000 trees and harvests about 2,000 tonnes of nut-in-shell each year.The Steinhardt family has been cultivating the land in Bundaberg since 1958 and planted the farm's first macadamia trees in 2004. "We have invested heavily in growing the value-add and tourism aspect of the business, and are passionate about the industry and telling the story of macadamias, and that will be continued by the family."

 

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Absolutely disgusting.. . Shouldn't able to buy the land only what's on it or use of it .

should not be allowed!!!

Why is Australia being sold off bit by bit? Should be illegal.

Those look yummy. Get in my belly!

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