Andrew and Nicola Forrest have rebranded their private company as Tattarang, with the change of name coming soon after several board and executive changes.
SPECIAL REPORT: Institutional investor interest is continuing to grow in WA's agricultural sector, unaffected by the global uncertainty of the novel coronavirus crisis.
Andrew Forrest is increasing the scope of his agricultural investment vehicle, Harvest Road Group, reaching an agreement to acquire Albany oyster farm Ocean Foods International.
Private companies and not-for-profit businesses play a prominent role in the West Australian economy, with annual revenue at the top 20 exceeding $32 billion, according to data compiled by Business News.
Andrew Forrest's agricultural investment vehicle Harvest Road Group has taken a major step towards building Western Australia's biggest cattle feeding facility, with plans recently lodged for approval by planning authorities.
Andrew and Nicola Forrest's agricultural investment company, Harvest Road Group, has reported a big surge in annual profit to $7 million after a restructure combined the family's expansive pastoral stations with their Harvey Beef business.
Major WA agribusinesses plan new investments to create scale and efficiency, while smaller operators are cooperating to access new markets with niche products.
Andrew Forrest's agribusiness portfolio is set for a big expansion, with his Harvest Road Group planning a 60,000 head per year cattle development worth up to $50 million in the wheatbelt.
A period of strong cattle prices has boosted Western Australia's largest pastoral companies, with the state's four biggest cattle-focused plays increasing revenue about 9 per cent to $1 billion in their most recent annual reports.
SPECIAL REPORT: When Fortescue Metals Group chairman Andrew Forrest received his most recent dividend cheque from the company, it brought the total paid out to entities he controls during the past five years to nearly $600 million.
Fortescue Metals Group is home to two of Western Australia's wealthiest company directors, or so it was believed until a surprise disclosure last month.
Impact Minerals has appointed Aaron Hood as a non-executive director. It follows Minderoo Group investing $7.3m, through its mining investment vehicle Squadron Resources.
Demand for Western Australian agricultural property assets is expected to run hot throughout 2015, with offshore buyers not expected to be deterred by new rules for foreign investment in farmland.
Australia's free trade agreement with China is likely to deliver significant benefits to agricultural exporters but the gains will be mainly indirect and apparent over the longer term, a report by Rabobank has concluded.
Andrew and Nicola Forrest's Minderoo Group has recruited finance executive Aaron Hood to take charge of its expanding commercial investment activities.
Gina Rinehart has followed fellow iron ore magnate Andrew Forrest's lead and expanded her interests to include cattle farming, reportedly spending $40 million on a half-stake in two cattle stations
Andrew Forrest's Minderoo Group has emerged as the surprise buyer of the state's largest beef processor, Harvey Beef, quashing speculation that the company would be sold to Chinese interests.
Private equity fund Harmony Capital has moved to full ownership of the state's largest meatworks, Harvey Beef, after buying out partners Elders and Stark Investments.
ICONIC meat processor Harvey Beef is sending shockwaves through the South West for the second time this decade as its private equity owners grapple with the viability of the business.
Harvey Industries Group, trading as Harvey Beef, has acquired the business assets of meat processing company Fremantle City Processors Pty Ltd for an undisclosed sum.
Harvey Industries Group, trading as Harvey Beef, has appointed chief financial officer Michael Rapattoni to the role of Chief Executive Officer, the company has announced.
