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. 

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…