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ABB buys Stawool

GRAINS marketer and rural services provider, ABB Grain Ltd, is extending its operations in the wool sector by agreeing to purchase Western Australian-based Standard Wool Australia’s broking and trading arm, Stawool Brokers, for an undisclosed sum. Stawool is the second-largest wool broker in WA. “It’s widely acknowledged that this business is a leader in its field and is performing extremely well,” ABB pastoral and rural services general manager Steven Read said. “It’s a first-class acquisition for ABB, enabling the company to further grow its rural services division into Western Australia.” During fiscal 2007, ABB established a wool export arm with the acquisition of Adelaide Wool Company, the second biggest wool company in South Australia.

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