Shareholders in Australian grain handling company Grainco have voted to approve a merger with GrainCorp.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

The merger, priced at A$1.39 a share, values Grainco at A$105m (US$69.2m), and will create a dominant grains handler on the east side of the country.

Wheat exporter AWB has opposed the merger, but it has been given the go-ahead by the Australian Competition and Consumer Commission, reported Reuters.

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now