AGRO Merchants Group Acquires Doboy Cold Stores in Brisbane, Australia

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Latest acquisition represents AGRO’s entry into Australia, and provides platform for further growth in Asia Pacific region.

AGRO Merchants Group
We are excited to join AGRO Merchants Group and provide customers with market-to-market opportunities and trade flows, including Australia to Asia.

AGRO Merchants Group, a global leader in cold storage and logistics solutions, today announced the acquisition of Brisbane-based Doboy Cold Stores. Founded in 1979 as a family-owned business, Doboy has grown into one of the most successful cold storage operators in Australia. Doboy operates out of two sites located near the Port of Brisbane and maintains a diverse product mix that includes meats, seafood, fruit, nuts and bakery items. Its extensive experience and relationships will enhance AGRO’s global service offering for its customers. David O’Brien, Managing Director of Doboy and a recognized leader in the cold storage industry will continue in his current role with AGRO Merchants.

The Doboy acquisition is a continuation of AGRO’s global growth strategy and represents an important entry into the Asia Pacific region. Brisbane is Australia’s largest export port of processed meat products, capturing approximately 60% of all processed beef shipments. It also represents an important geographic point in the region, as the largest competing ports in Sydney and Townsville are more than 500 miles away. The Port of Brisbane is well served by all major shipping lines offering services to ports in Japan, Korea, USA, China, and other key beef markets. There is significant investment currently underway to further improve port infrastructure.

“Doboy is a natural match for AGRO’s business,” said Neal Rider, CEO of AGRO Merchants Group. “Their focus on the Australian beef industry will contribute to our global network and point-to-point trade strategy. Philadelphia, PA, which is an important location for us, is the largest destination port for Australian frozen and chilled meat imports into the U.S. We also receive large volumes of Australian meat through four other port locations in the U.S. The opportunity to expand Doboy’s operations on adjacent owned land is attractive. We look forward to integrating Doboy’s customers, employees and partners into our network.”

David O’Brien, Managing Director of Doboy said, “We are excited to join AGRO Merchants Group and provide customers with market-to-market opportunities and trade flows, including Australia to Asia. AGRO is considered a leading service provider by many of the top exporters from Australia. Their global strategy will allow us to expand services, volume and capacity. AGRO a great cultural fit for Doboy.”

About AGRO Merchants Group

AGRO Merchants Group owns and operates 55 facilities in 9 countries across North America, Latin America and Europe, with more than 750,000 square meters of cold storage space. The company is focused on providing innovative cold chain solutions on a global basis by partnering with the highest quality family businesses and creating new, reliable, and integrated trade networks to help its customers grow. AGRO invests in modern assets, industry-leading technologies, and value-added service offerings to ensure the highest quality supply chain management standards in the industry.

For additional information, please visit AGRO’s website at http://www.agromerchants.com.

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Steve Denker
@agromerchants
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