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Frontier Agriculture completes acquisition of Aberdeen Grain storage facility

Created at 20 Aug · 2:51 PM1 source↑ Market-relevant
IN SHORT

Frontier Agriculture has finalized its purchase of Aberdeen Grain's Whiterashes grain storage facility in Scotland. The deal ensures continued access for local growers and retains staff, with Aberdeen Grain entering a voluntary liquidation process.

Key Numbers

65,000 tonnesstorage and drying facility capacity

Who's Involved

Frontier Agriculture
Acquiring company of grain storage facility
Aberdeen Grain
Co-operative selling its grain storage facility
Simon Christensen
Grain Director at Frontier Agriculture
Murray Forsyth
Chair of Aberdeen Grain
Frontier Agriculture completes acquisition of Aberdeen Grain storage facility

↳ Why This Matters

The acquisition by Frontier Agriculture ensures the continued operation of a significant grain storage facility in Scotland, providing stability for local growers and customers and strengthening Frontier's infrastructure in the region.

Key facts

  • Frontier Agriculture has acquired Aberdeen Grain's Whiterashes grain storage facility.
  • The facility has a capacity of 65,000 tonnes.
  • The acquisition secures continued access for growers and customers in the region.
  • Employees of Aberdeen Grain are transferring to Frontier.
  • Aberdeen Grain will undergo a voluntary liquidation process.

Frontier Agriculture has finalized its acquisition of Aberdeen Grain's grain storage facility located at Whiterashes in north-east Scotland. The deal, which was completed after due diligence and approval from Aberdeen Grain members, ensures the continued operation of the 65,000-tonne capacity site for local growers and customers.

Employees from Aberdeen Grain will transfer to Frontier under TUPE arrangements, preserving existing knowledge and experience at the facility. Frontier stated that the acquisition will bolster its grain handling network in Scotland and provide essential long-term infrastructure for growers.

Following the sale, Aberdeen Grain will commence a member voluntary liquidation process, which is standard for winding up a member-owned co-operative after such a transaction. Both Frontier and Aberdeen Grain have emphasized their commitment to ensuring a smooth transition for customers and members, prioritizing continuity and the future of the Whiterashes site.

Frequently asked questions

Frontier Agriculture has acquired Aberdeen Grain's Whiterashes grain storage facility in Scotland.

The Whiterashes facility has a capacity of 65,000 tonnes.

Employees are transferring to Frontier Agriculture under TUPE arrangements.

Aberdeen Grain will enter a member voluntary liquidation process following the sale.

What Happens Next

01Aberdeen Grain will enter a member voluntary liquidation process.

How It Developed

Frontier Agriculture completed the purchase of Aberdeen Grain's Whiterashes grain storage facility.
Aberdeen Grain members approved the deal following due diligence.
Grain handling, customer service, and support will continue at the Whiterashes site.
Employees from Aberdeen Grain will transfer to Frontier under TUPE arrangements.
Aberdeen Grain will enter a voluntary liquidation process following the sale.

Sources

T1
Frontier completes acquisition of Aberdeen GrainWorld Grain
T2
Frontier completes purchase of Aberdeen Grain - Farmers Guidefarmersguide.co.uk
T2
Frontier completes takeover of Aberdeen Grain sitefarminguk.com
T2
Frontier completes takeover of Aberdeen Grain site - FarmingUK Newsfarminguk.com

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