Australian fresh produce giant, Costa Group, has announced its acquisition of Nangiloc Colignan Farm in Australia’s Sunraysia growing region, today 17 January.
The citrus and grape operations will now be run under the name Costa Group Colignan Farm and contains young citrus plantings as well as table grapes which will be sold to export markets.
Harry Debney, Costa CEO, said the move will help Costa diversify its supply regions.
“This acquisition and location in the Sunraysia region will reduce reliance on any one region in our portfolio and will also open up additional growth opportunities, in particular with respect to Afourer mandarins and navel oranges as this will allow us to further take advantage of export market demand,” he said.
General manager citrus and grapes, Elliot Jones, said up to a third of the farm’s citrus crop was less than five years old. “The Colignan Farm opens additional growth opportunities for Costa which we will see complement our supply base of long-standing loyal growers,” he said.
The farm contains 567 hectares of citrus and grapes. Of that 240 hectares are made up of citrus, including 103 hectares of Afourer mandarins, 105 hectares of oranges, 204 hectares of table grapes and 123 hectares of wine grapes.
