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GrainCorp to acquire two edible oil businesses for $490m
date:Aug 29, 2012
g expertise, and expand our downstream processing operations into canola and other edible oils, Watkins added.
As a part of the agreement, GrainCorp will supply oils and finished goods to Australasian food company Goodman Fielder.
GrainCorp plans to fund the acquisitions through debt, and issue shares of up to A$121m ($125.73m) for Gardner Smith shareholders, and a rights offering worth A$159m ($165.22m).
GrainCorp noted that the acquisitions, which are set to be completed in October 2012, are e

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