Processing timeline
27
days
Acquirer(s)
PREMIER FRESH AUSTRALIA PTY LTD ABN - 87 004 843 556
Target(s) or Vendor(s)
DOUBLE D PRODUCE PTY LTD ABN - 86 074 625 004, De Domenico Carmelo, NORTH QUEENSLAND IQF PTY. LTD. ABN - 32 070 037 795, C.A. DE DOMENICO PTY LTD ABN - 18 102 487 963
Other parties
COL JOHNSON & CO. PTY LTD ABN - 96 097 104 606
Premier Fresh Australia Pty Ltd acquired 100% of the shares in Queensland-based vegetable grower and processor, the Domenico Group (North Queensland IQF Pty Ltd and Double D Produce Pty Ltd). The transaction, which also included land and farmland leases, sees fresh vegetable wholesaler Premier Fresh acquire its longstanding supplier.
Premier Fresh Australia Pty Ltd ( Premier Fresh ) proposes to acquire 100% of the shares in North Queensland IQF Pty Ltd and Double D Produce Pty Ltd (collectively, the Domenico Group ), land containing a plant used by the Domenico Group, and leases of the farmland used by the Domenico Group (the Acquisition ). The Domenico Group is a Queensland-based grower and processer of fresh and frozen vegetables (predominantly capsicums). The Domenico Group does not directly supply fresh capsicum to end customers or retailers. Instead, it supplies fresh capsicum to intermediate wholesalers, such as Premier Fresh. Premier Fresh is a fresh vegetable wholesaler. Premier Fresh is a longstanding customer of Domenico Group and acquires the majority of the fresh capsicum produced by the Domenico Group. Premier Fresh does not grow capsicums other than on a trial basis from time to time. Premier Fresh also occasionally acquires melons from Domenico Group.