We are very pleased to announce that Delta Agribusiness has today completed a transaction to acquire a significant stake in the Western Australia Crop Protection market, via the acquisition of David Gray’s Aglink (DGA) and Aqquire Rural Holdings. (ARH)
David Gray’s Aglink is a leading wholesale provider of farm inputs to Western Australia growers, and operates a warehouse and distribution network in Perth to service over 50 independent Rural supply businesses across the states cropping, horticulture, seed, and animal health markets. The business also incorporates David Gray’s Seeds and David Gray’s Agro advantage. www.davidgraysaglink.com.au
Additionally, ARH comprises 8 company owned retail branches to complement the wholesale agency business and to provide a platform for future growth and succession planning options for the DGA customers over time. www.agquirerural.com.au
Managing Director of Delta Agribusiness Group Gerard Hines said “This exciting development launches our company into the large Western Australian market in a substantial way and will give us initially around a 25% share of the WA crop protection market, the largest market in Australia. This merger though importantly also gives us a big uplift in geographic and seasonal diversity and provides our overall business with better balance in terms of diversity of earnings and a strong base to add additional services like Livestock Marketing, Finance and Real Estate activities.
Gerard added” The David Gray’s Aglink business will retain its Aglink membership in Western Australia and add another dimension to our business to reach into regions where we currently don’t have a retail presence.”
Delta Ag Board of Directors - Back: George Penklis, Gareth Banks, Glenn Findlay, Steve Cameron. Front: Doug Rathbone, Chris Duff & Gerard Hines
DGA and ARH employ 75 people across WA, and through the transaction, the leadership team, and many staff members and wholesale agent customers have become Delta Agribusiness shareholders. This is important as it retains strong local ownership and cultural alignment and positions the overall Delta Group business as the largest private an independent player in the Australian Agri services sector.
General Manager of David Grays Aglink and ARH, Warren Stirrat also commented “We are thrilled to become an important part of the dynamic and innovative Delta Ag group, as we see terrific cultural alignment and common vision, and now have additional firepower and scale to continue to take our business forward to add further value to our agents and farming customers across WA.
David Grays Aglink - Warren Stirrat, Doug Hanna & Simon Hazeldon
“It was important to us to partner with an Australian owned private business, locals looking after locals, and a focus on helping growers to make the right decisions. This merger also gives our wonderful staff the opportunity to invest in the business if they choose to and retains important balance in a market that’s rapidly consolidating into large corporate and foreign owned entities said Warren”.