Feb 21, 2023

Balco Australia Acquires Victorian Site

MEDIA RELEASE FROM BALCO AUSTRALIA – https://balco.au/

We are excited to announce our expansion into Victoria with the signing of a binding, conditional agreement with Wingara AG Ltd (“Wingara”), for the purchase of all assets and operations of a facility in Raywood, Victoria.

Rob Lawson, Balco Australia CEO, said the purchase is a key step forward for the Company in working towards achieving our five-year strategic plan and would allow Balco to supply its customers with hay from multiple geographic locations.

It is anticipated that the deal could add a further 80,000 tonnes of annual capacity out of the Raywood facility following proposed upgrades of the press and site.

The deal ensures the employment of local staff operating the Raywood facility, and the sales channel for growers in the region, continuing Balco’s long-held commitment to secure local employment opportunities and support regional communities.

“ With Victorian growers on board, we will have an even wider product range for our global customers. ” Said Rob.

Rob said 2022 was a year of extensive planning and restructure of Balco Australia to facilitate a significant phase of business growth over the next five years. “ The acquisition of the Raywood facility is a perfect fit in the roll out of our national expansion strategy. ”

While supply of 2022 season hay is limited, we have positioned ourselves for increased volume purchased from 2023 onwards. Our Procurement Team will be working hand in hand with Victorian growers to establish contracts securing tonnage of high quality, Victorian hay.

We look forward to discussing any questions you may have in depth with you, however, can assure you that the quality and service provided by Balco will continue to be of the highest quality and standard and the Victorian plant will be managed to the same standard of Bowmans and Brookton.

We are thrilled to be able to share this with you and look forward to discussing how you can benefit from our expanding network of geographically diverse hay.

Balco Australia

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