Noosa News
Four family-run orchards join with foreign investors in huge Goulburn Valley deal
Four family-owned orchard businesses in Victoria’s Goulburn Valley are merging into one company with the backing of foreign investment.
Key points:
- Four Goulburn Valley orchard businesses have merged with backing from a Canadian fund
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The deal includes more than 500 hectares of orchard, water rights and two packing house operations
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Exports will be a key driver of the Pomona Valley business
A Canadian fund, the Ontario Teachers’ Pension Plan, which manages more than $200 billion in assets around the world, has used its Australian subsidiary, AustOn Corporation, to invest in the merged entity — which will be called Pomona Valley.
The family-run orchard businesses involved are the Varapodio family’s Oakmoor Orchards, Turnbull Brothers…
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