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Lindsay Australia acquires WB Hunter in $34 million deal

The deal will cement Lindsay's rural merchandising capabilities and provide entry into key agricultural supply markets in Victoria and NSW.

Major local transportation company, Lindsay Australia, has revealed its $34 million acquisition, signaling its entrance into the rural merchandising market in Victoria and NSW and expanding its footprint in those regions.

The acquisition of WB Hunter will allow Lindsay Australia to assume 100 per cent control of the rural merchandise company.

For Lindsay, the acquisition is expected to boost its rural merchandising capabilities, with WB Hunter providing a comprehensive range of rural supplies, agricultural services, trade essentials and pet products since being founded in 1947.

WB Hunter director and CEO Michael Moroney will continue with the business as Lindsay assumes ownership of the company’s seven Victoria stores and one NSW site.

The acquisition expands Lindsay’s rural merchandising network through entry into key agricultural supply markets, offering a new platform to pursue growth opportunities.

Lindsay expects the acquisition to be completed in the first quarter of the new financial year.

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In its ASX release of the acquisition, Lindsay Australia says the acquisition was done to acquire a market-leading supplier of rural merchandise products while establishing a regional footprint and enhancing exposure to Australia’s agribusiness sector.

“We are delighted to welcome WB Hunter into the Lindsay network,” acting Lindsay CEO Craig Baker says.

“WB Hunter has a longstanding and highly successful operating history, serving as an integral member of Australia’s rural supplies market. The acquisition expands Lindsay’s presence in key growth markets of Victoria and New South Wales and provides a strong platform for pursuing further growth opportunities across these regions.

“As part of the Acquisition, Michael Moroney will continue to oversee operations as Director and CEO of WB Hunter under a long-term agreement with Lindsay.

“Michael has built a business based on operational excellence, and we look forward to the WB Hunter team continuing their journey as part of Lindsay.”

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