Al Dahra Agriculture acquires WA feed processor Glenvar Hay
Al Dahra Agriculture, a prominent international feed and food agribusiness player, has acquired the majority shares of Australian feed processor Glenvar Hay Pty Limited.
Glenvar Hay has been producing a variety of feed products, particularly Oaten Hay and Wheaten Straw, since 1925, and has an established sales network in Australia and across Asia and the Middle East.
The plant that the new entity Al Dahra Glenvar Hay Pty Limited will manage and operate is strategically located in Western Australia’s wheat growing belt.
HE Khadim Al Darei, vice chairman and managing director of Al Dahra Holding, said the acquisition was part of Al Dahra’s strategy to geographically diversify investments and establish presence in the Southern Hemisphere in order to ensure product availability across all seasons and mitigate market risks.
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