Elders Finalises $475 Million Delta Agribusiness Takeover

Elders has officially completed its $475 million acquisition of Delta Agribusiness, following the Australian Competition and Consumer Commission’s decision not to oppose the deal.

The regulator had earlier expressed concerns about potential price impacts for farmers but cleared the transaction after Elders agreed to divest six Delta branches in Western Australia.

Elders Chief Executive Mark Allison said the acquisition would create meaningful value for shareholders and strengthen the company’s position in regional Australia.

“Delta provides us with greater exposure to key local retail markets as well as a leading agronomy and farm advisory team,” Mr Allison said.

Under the deal, Elders paid $292 million in cash and issued 22.3 million new shares, giving Delta shareholders a 10.5 per cent stake in the company.

Despite challenging seasonal conditions, Elders maintains that Delta’s long-term outlook remains strong and aligned with its acquisition strategy.