Chinese A-share-listed company Shenzhen Kondarl (Group) Co., Ltd has announced it intends to purchase avocado plantations in Western Australia owned by the Delroy family.
In a public announcement the company said the acquisitions were not yet finalized but would not exceed one billion RMB (US$145 million).
The company said the farms included 220 hectares of mature orchards with 82,000 avocado trees that can bring about 4,500 metric tons (MT) annually.
In addition, the planned purchase involves another 240 hectares of plantations that will have their first harvest this year.
The mention of the ‘Delroy family’ could relate to either Jasper Farms of Busselton, run by Neil Delroy, or Delroy Orchards headed up by Neil’s brother Russell.
“We have been running a process to consider bringing in a strategic partner as we continue to further expand the business. No decision has been made at this stage,” Neil Delroy said in a statement given to Fresh Fruit Portal.
Shenzhen Kondarl was founded in 1979 and modern agriculture is one of its main divisions.