Lindsay Australia has acquired merchandise company, WB Hunter, for $34.6 million.
Founded in 1947, WB Hunter is a market leading retailer that provides a comprehensive range of rural supplies, agricultural services, trade essentials and pet products with an eight-store footprint across Victoria and New South Wales.
The acquisition will directly contribute to Lindsay’s broader strategic direction by providing a range of complementary products and services to its extensive customer base.
Lindsay will also utilise WB Hunter’s network to further expand into the Victorian and NSW agricultural supply markets.
This broadened operating footprint is expected to offer a robust platform for Lindsay to pursue growth opportunities across all service lines.
Lindsay Acting CEO, Craig Baker, commented on the acquisition.
“We are delighted to welcome WB Hunter into the Lindsay network,” he said.
“WB Hunter has a longstanding and highly successful operating history, serving as an integral member of Australia’s rural supplies market.”
Following the completion of the acquisition, Lindsay Rural will have a consolidated rural merchandising network across Australia’s east coast.
Lindsay Rural represents a key component of Lindsay’s end-to-end food supply chain solution, supplying more than 1,500 farmers with an extensive range of agricultural products including packaging, fertilisers, chemicals, nutrients and irrigation equipment across a network of 21 stores.