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Sparks commentary - ArborGen Holdings

Industrials

Sparks - ArborGen Holdings

More on this equity
forestry04
ArborGen Holdings (NZX: ARB) makes Brazilian acquisition
Published by Andy Murphy

ArborGen has agreed to purchase the Eco Empreendimentos nursery in Piauí, Brazil for c US$2.5m, using seller financing and its own resources. The nursery has the capacity for c 15 million eucalyptus seedlings and the potential to expand to 18 million with ‘minimal’ investment. The new nursery will expand ArborGen’s Brazilian production to 94 million seedlings, compromising 77 million eucalyptus and 17 million pine seedlings.

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