Costa Group Holdings Limited (ASX: CGC), has signed an agreement for the acquisition of the Lankester Avocado orchards and packing operations from the Lankester family.
Costa Group Holdings Limited (ASX: CGC), has signed an agreement for the acquisition of the Lankester Avocado orchards and packing operations from the Lankester family. This strategic acquisition is another step in executing its strategy to build avocados into fifth vertically integrated core produce pillar. The company’s production and supply period will now span from February to August, bringing it closer to achieving 52-week supply. Lankester Avocados is a grower of high quality avocados with three farms located in the Atherton region of Far North Queensland. The business also undertakes packing and marketing activity for third party growers. There are total plantings of 130 hectares across the three farms with the season running from February through to June.
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