XLD Commodities has announced the sale of its business to Riordan Group, effective 31 October 2025.
In a letter to customers and growers, the sale was described as a significant opportunity to grow the business and enhance services for Tasmania’s grain industry.
Established in 2009, XLD has become a trusted Tasmanian agribusiness, offering growers and end users a range of contracting options integrated with storage and transport services.
From the outset, XLD and Riordan have worked closely together.
“The decision to sell comes with mixed emotions, however, the time is right for the business. We are very proud of XLD and the relationships we have built, and this change brings opportunities for investment in Tasmania’s grain industry and expanded services for growers and customers,” said John Tuskin, XLD Chief Executive Officer.
Riordan is a family-owned Australian agribusiness with 30 years’ experience in the grain supply chains.
It manages one of Victoria’s largest grain handling and logistics programs, supporting XLD through fully integrated mainland procurement across accumulation, transport, storage, bulk handling, and packing.
This partnership has given XLD fast and efficient access to markets in Southeast Australia, delivering significant supply chain efficiencies, cost savings, and supply certainty.
All XLD operational staff will be offered roles under the new ownership, with their experience recognised as a key factor in XLD’s success.
John Tuskin will work alongside Riordan to ensure a smooth transition.
“This acquisition is an exciting investment for us. We are committed to building on XLD’s success and continuing the strong relationships developed with Tasmanian customers and growers,” said Jim Riordan, Managing Director of Riordan Group.
”We have witnessed the growth of the Tasmanian grain industry as a service provider to XLD for 15 years, and this is an opportunity to be part of the community and industry development.”
As part of the handover, all existing contracts will be honoured and, under Grain Trade Australia (GTA) provisions, can be assigned to the new counterparty.
Contracts for grain purchases or sales from November onward will be established under Riordan Group in accordance with GTA terms.
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