Miller Magazine Issue: 155 November 2022

56 MILLER / NOVEMBER 2022 NEWS Louis Dreyfus Company Asia Pte. Ltd.(LDC) and Longriver Farms announced that the companies have entered into an agreement for the acquisition of Emerald Grain Pty. Ltd. (Emerald Grain) by LDC. “This development is aligned with LDC’s commitment to the Australian mar- ket, where LDC has been active for over a century, originating, processing and ex- porting grains, oilseeds and cotton, and with our strategic plans to further reinforce our leading position in core agri-commodities merchandizing activ- ities,” said Michael Gelchie, LDC’s Chief Executive Officer. “I want to thank Emerald Grain’s manage- ment team and staff for their significant contribu- tion to the successful growth partnership to date with Longriver Farms,” said Longriver Farms Direc- tor, Brad Mytton. “We are pleased to announce this agreement with LDC, under which Emerald Grain’s grower and customer network will benefit from LDC’s scale and expertise in agri-commodities, for a continued growth journey going for- ward.” Emerald Grain is a leading grain handling business in Aus- tralia, with a network of seven grain storage and receival sites across the states of New South Wales and Victoria, with a com- bined storage capacity of approximately one million metric tons, as well as a grain export terminal at the Port of Melbourne and marketing offices in Geraldton, Western Australia and Moama, New South Wales. Thanks to its ties with some 10,000 Australian farming families, an integrat- ed supply chain and an experienced and dedicated team, Emerald Grain offers customers a broad range of grains products, including wheat, bar- ley and canola, for export across Australia. “This agreement is an opportunity for all Australian growers in our network to access LDC’s extensive global reach,” said Emerald Grain CEO, David Johnson. “LDC’s leader- ship position in the global agriculture industry reflects its com- mitment to growers and customers alike, and we look forward to continuing our journey as part of the LDC family.” “As the oldest continually operating grain trading company in the country, LDC has a proud heritage of unparalleled com- mitment to Australian agriculture. With Emerald Grain onboard, we look forward to continuing to support Australia’s farming community and grain industry, while reinforcing our origination network for key grains and oilseeds staples to meet growing customer needs worldwide,” added James Zhou, LDC’s Chief Commercial Officer and Head of Asia Region. Louis Dreyfus Asia acquires Emerald Grain