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SunRice's animal feed division CopRice agreed to acquire 100% of FeedRite's extrusion assets for an expected cost under A$10 million. The deal is part of SunRice's 2022 Growth Strategy and will expand premium rice bran-based animal feed production.
Completion is expected in coming months, subject to conditions.
The acquisition is a small corporate move that expands use of rice bran in premium feed in Australia, with negligible effect on commodity prices.
bulkhandlingreview.com.auWilliam ArnottJun 24, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
