Law firm Addisons has acted as legal adviser to four Australian private companies on their merger by inter-conditional schemes of arrangement with Duxton Farms Ltd (ASX:DBF).
Duxton Walnuts, Duxton Dried Fruits, Duxton Orchards and Duxton Bees operate agribusinesses in the walnuts, dried fruits, apples and apiary sectors respectively. All were private companies operating independently. Duxton Farms is an owner and operator of a portfolio of agricultural assets. Through the merger, Duxton Farms acquired all four agribusinesses simultaneously and has expanded the scale and scope of its portfolio to create a diversified agribusiness player with over $298 million in gross assets, 180,000 hectares of land in five states and territories, and 32,000 megalitres of water entitlements.
A uniquely complex transaction effected by way of inter-conditional schemes of arrangement, each merger company required approvals from shareholders and the Federal Court of Australia.
The Addisons team advising Duxton was led by Partners Daniel Goldberg and Li-Jean Chew, with Hayden Martin, Cathy Tran and other members of Addisons’ Agribusiness team.
Partner Daniel Goldberg congratulated the parties on their recent merger, “Addisons was delighted to act as legal advisers to these growing agribusinesses, enabling them to deliver shareholders enhanced scale and diversification. We wish the merged group every success in the future.”
About the Addisons Agribusiness Team
With decades of experience advising Australian agribusinesses, Addisons offers clear, practical and actionable advice, providing confidence to clients navigating an ever-changing industry.
Our clients include primary producers, growers’ co-operatives, irrigation corporations, manufacturers, distributors and retailers. They are involved in producing dairy and dairy substitutes, eggs, oilseeds, grains, fruit, livestock, poultry, rice, sugar and other soft commodities. They cover every stage of business maturity, from new investors to decades-old companies and generational businesses.
We support our clients at every stage from acquisition, investment, business structuring, operations, joint ventures and other business combinations, expansion and development, to divestment.