Qube snaps up rural logistics firm Agrigrain


Purchased firm has facilities in Narromine and Coonamble

Qube snaps up rural logistics firm Agrigrain
Qube is now stronger in rural NSW

 

Qube has reached an agreement to acquire the business assets of Agrigrain, thereby strengthening its presence in north-central New South Wales.

Agrigrain, gained for an undisclosed sum, brings with it logistics facilities in Narromine and Coonamble.

The grain handling business also has a road transport arm in Castlemac Traders (CMT), which runs road train, B-double and truck and dog combinations delivering grain, pulses, seed and fertiliser nationwide.

Between the Narromine and Coonamble sites, Agrigrain's business offers onsite services including seed and fertiliser management, silo and bulker storage, grain drying, grading and bagging and container packing, as well as road and rail transport options.


Read about Qube’s annual results p-erformance, here


"Agrigrain offers services above and beyond large bulk handlers, maintaining a storing local presence," Qube notes.

"This, combined with Qube's market-leading integrated logistics solutions, provides regional exporters with direct access to world markets.

The new business unit, dubbed 'Qube Agri', is to form part of the Qube Logistics business.

This acquisition, together with Quattro in Port Kembla and Qube's container services in Port Botany allows Qube Logistics to provide expanded services through bulk and containerised rail services and bulk port infrastructure.

"The acquisition of Agrigrain facilities is significant as it provides Qube the ability to deliver integrated logistics services to its regional customers," Qube director logistics John Digney says.

In April, the company raised $500 million in equity, saying it was with a view to picking up assets in difficult times.

  

You can also follow our updates by joining our LinkedIn group or liking us on Facebook

 

Trucks For Hire | Forklifts For Hire | Cranes For Hire | Generators For Hire | Transportable Buildings For Hire