TIMBERCORP has announced that it will set up a new agricultural trust to drive sales from an expanded range of agri-investment products.
It has formed an alliance with Chiquita Brands South Pacific and, as part of the deal, it will acquire Chiquita’s South Australian Kangara Estate assets that include established wine grape vineyards and citrus orchards for $32.5 million.
The new trust will be called the Timbercorp Orchard Trust.