The Northern Rivers role in macadamia industry is going nuts globally with a merger between four well-known companies.
Lismore’s Macadamia Processing Company (MPC) today announced it’s joining with Bundaberg-based Pacific Gold Macadamias (PGM), Brisbane marketing company Macadamia Marketing International (MMI) and South Africa’s Global Macadamias.
The new company will be launched under the brand, Marquis Macadamia.
CEO Larry McHugh said the group is aiming to double it’s 2019 turnover of $250 million to $500 million by 2024.
“Bringing MPC, PGM and MMI under the one brand is about consolidating our current position as the world’s largest macadamia processor and marketer,” Mr McHugh said.
“The addition of South Africa’s Global Macadamias will initially add an additional 15,000 tonnes of nut-in-shell and 2500 tonnes of kernel to the group’s production… this will grow rapidly.”
“It not only ensures we have access to the largest growers worldwide, it adds regional diversity to our supply chain. Sourcing our macadamias from two continents reduces our exposure to drought and other seasonal variabilities that affect supply.”
Bronte Gildea will have the details tonight.