Media Statement - Auscott Limited
Unprecedented opportunity to acquire one of Australia’s largest vertically integrated cropping
businesses. Offering a substantial portfolio of land and water assets, complemented by a firstclass ginning business.
Auscott Limited (Auscott) is offering an opportunity to acquire a significant scale operation in the
Australian cotton industry; the “Midkin Aggregation”. Strategically located within the highly productive
Gwydir Valley Region of New South Wales, this blue chip irrigation and dryland cropping portfolio
includes six properties which have been accumulated over 40 years.
Comprising a total land area of 17,307 hectares, the aggregation includes 12,367 hectares of arable land
with 7,647 hectares of fully developed irrigation land, underpinned by 42,811 ML General Security and
14,824 ML Supplementary water entitlements. The extensive farming assets are complemented by an
advanced ginning business with capacity in excess of 200,000 bales per annum.
Ashley Power, Chief Executive Officer and Managing Director, Auscott said: “In recent years there has
been intense interest in the Midkin Aggregation and after much consideration the Company has decided
to ask for formal expressions of interest. The Midkin Aggregation of land and water assets has been built
up since 1979 in this tightly held premium cotton growing region and this, combined with vertical
integration, makes this offering such a unique opportunity.”
Ashley said, “We are proud of our dedicated employees, respect our place within the community and
value our relationship with our grower customers. With this in mind, the business is being offered as a
PwC has been mandated as lead financial advisors and are running the sale process. First round offers
are due on Wednesday, 4th September.
Significant scale with an aggregation comprising 17,307 hectares across six properties,
including 12,367 hectares of arable land with 7,647 hectares fully developed irrigation land.
Major irrigation improvements underpinned by 42,811ML General Security and 14,824 ML
Supplementary water entitlements.
Vertically integrated ginning operation with an enviable reputation for delivering high outturn
Greg Quinn Paul Fenn
Tel +61 425 326 833 Tel +61 481 321 518