A 420-hectare “paddock to plate” avocado aggregation with 43,000 trees in south-east Queensland has hit the market with an asking price of more than $50 million.
About 235 hectares of the aggregation is planted predominantly with Hass avocados, with a further 95 hectares suitable for further plantings.Also included in the offering is the Boardmans’ Sunnyspot Packhouse avocado packing and marketing business. “As well as being able to drive significant efficiencies in labour, equipment and packing operations, the ability to provide consistent year-round supply to key domestic and export customers is rare in the industry,” he said.While the Boardmans will continue to operate the integrated business, Mr Boardman said it needed a deep-pocketed investor.
A year later, another Canadian pension investment manager, PSP Investments, acquired a minority stake in the country’s biggest avocado grower, Simpson Farms, after the family-owned business, includingThe Boardmans and their co-vendors have appointed LAWD agent Danny Thomas and Damian Bryce from map19 to take High Country Avocado Aggregation to market.