Lindsay Australia is to buy a north Queensland horticulture transporter for $770,000, though no trucks or trailers will change hands
By <a href="mailto:rmckay@acpmagazines.com.au“>Rob McKay| February 14, 2011
Lindsay Australia is to buy a
north Queensland horticulture transporter for $770,000, though no trucks or trailers will change hands.
The price is made up of $450,000 for leasehold land and buildings and $345,000 for plant and equipment, including cold rooms, for a company with a turnover put at $6.5 million.
CLC Produce, based in Mareeba, will be retained on a $150,000 a year marketing and customer transition and expansion consultancy over three years, “subject to agreed customer retention levels”.
The deal is in line with Lindsay’s stated aim to push hard into the produce-growing region.
“There are considerable opportunities for [the company’s Transport arm] to increase freight revenue in the tablelands area and the establishment of a [Rural arm] outlet in this area is being investigated,” Company Secretary Graham Johnston says.