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Canadian investment company PSP signs record deal for Bundaberg macadamia orchards

Canadian investment company PSP has struck one of the largest ever deals in Australia’s macadamia industry. It has bought most of the assets of family owned, Bundaberg-based grower and producer Macadamias Australia. It is understood that PSP, through its local agribusiness venture Stahmann Webster, paid more than $100 million for more than 1000 hectares of planted orchards and vacant land, as well as state-of-the-art macadamia cracking, processing and packaging facilities developed by the Steinhardt family.

The network of farms acquired by PSP, the biggest offshore investor in Australian agriculture, are planted with more than 200,000 macadamia trees that produce about 2,000 tons of nut-in-shell each year.


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