# SunRice to acquire FeedRite - Australian Bulk Handling Review

> 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.

- Date: 2019-06-24 · published 2019-06-24T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/58663-sunrice-to-acquire-feedrite-australian-bulk-handling-review
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

The acquisition is a small corporate move that expands use of rice bran in premium feed in Australia, with negligible effect on commodity prices.

## Sources

- bulkhandlingreview.com.au: https://www.bulkhandlingreview.com.au/sunrice-to-acquire-feedrite/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.