Wimpak acquired by ETGA

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Export Trading Group Australia (ETGA) is pleased to confirm the acquisition of Wimpak, a grain receiving, cleaning and container packing site at Minyip, in Victoria.

Country Manager for ETGA Shayne Clark and General Manager for Wimpak James French confirmed the purchase today, with ETGA's intended commencement effective on the 1st of September 2019.

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ETGA took the opportunity to acquire the highly attractive Wimpak asset as a strategic complement to its well-established trading operations in Australia.

Shayne Clark – Country Manager – ETGA commented "After commencing our trading business in 2014, the acquisition of Wimpak marks a milestone for ETG Australia, being our first asset investment. We are excited about the prospects of Wimpak and plan to expand the business whilst maintaining the same level of service to the local farming community. Export Trading Group is committed to the pulse industry globally and we plan to grow further in Australia to complement our global value chain network"

James French – General Manager – Wimpak said "In what has been a long process for the current shareholders it has been wonderful to get this sale across the line, especially with someone of the caliber of Export Trading Group. I see it as a win for growers and ETG Australia. All staff will be continuing their employment in the town of Minyip."

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About Wimpak

WIMPAK P/L was formed in Minyip in 1998 by a small group of local farmers and investors, looking to add value to locally produced commodities. Their vision for the Company was to build a local grain packing and cleaning facility within the region, specializing in pulse type grains.

About ETG Global

ETG owns and manages a vertically integrated agricultural supply chain for multiple commodities. The Pulse division is a core business that includes origination & procurement, processing, warehousing, shipping, transport, distribution and merchandising. The Company is active in more than 30 countries and is one of the largest and fastest growing integrated pulse supply chain managers. The company has supply chain operations in Africa, India, China, Australia, , Bangladesh, Canada, GCC and CIS Region. The acquisition of WIMPAK adds another processing facility to its multiple plants across India, Africa, Canada, Bangladesh and UAE.