Western Australian avocado farm to be sold for over $100m
It is believed confidential terms were agreed recently on the sale of Neil Delroy’s Busselton-based Jasper Farms, subject to the approval of the Foreign Investment Review Board.
The buyer remains unknown, though speculation suggests it is based in North America. The sale, potentially worth more than $100 million, comes amid skyrocketing global demand for avocados.
In Australia, where the fruit has become something of a cultural phenomenon, per capita consumption has tripled over the past 10 years to 3.5kg.
Jasper Farms is reportedly Australia’s biggest individual grower, producing up to 6000 tonnes of Hass avocados a year.
source: thewest.com.au
