Atlanta, Georgia, US: Agro Merchants has bought Brisbane-based Doboy Cold Stores.
Doboy, a family owned firm, operates two sites near the Port of Brisbane and maintains a diverse product mix that includes meats, seafood, fruit, nuts and bakery items.
David O’Brien, managing director, Doboy will continue in his current role with Agro Merchants.
The Doboy acquisition continues Agro’s global growth strategy and represents an important entry into the Asia Pacific region. Brisbane is Australia’s largest export port of processed meat products, capturing approximately 60% of all processed beef shipments. It also represents an important geographic point in the region, as the largest competing ports in Sydney and Townsville are more than 500 miles away.
The Port of Brisbane is well served by all major shipping lines offering services to ports in Japan, Korea, USA, China, and other key beef markets. There is significant investment currently underway to further improve port infrastructure.
“Doboy is a natural match for Agro’s business,” said Neal Rider, chief executive, Agro Merchants Group.
“Their focus on the Australian beef industry will contribute to our global network and point-to-point trade strategy. Philadelphia, PA, which is an important location for us, is the largest destination port for Australian frozen and chilled meat imports into the US. We also receive large volumes of Australian meat through four other port locations in the U.S. The opportunity to expand Doboy’s operations on adjacent owned land is attractive.”