Grain Farmers Group Limited has been acquired by Overberg Agri for US$30 million

The private shareholders of Grain Farmers Group Limited (GFG) have completed a fairness opinion regarding Overberg Agri's offer to acquire the company.

GFG is an agricultural holding company predominantly marketing and selling the grain production of its members. The company is engaged in buying, storing and selling grain production (wholesaler), farmers' input financing, the provision of farming implement sales and financing, and the supply of general merchandise, including seed and fertilizer. The company employs 337 people. Its customers include the wholesalers of grain and primary food producers such as bread and cereal.

Overberg Agri is an agricultural company that primarily earns its revenue from agriculture. It has also made investments in the mining, meat, pet food and fastener industries. Overberg Agri was interested in acquiring the silo storage capacity of GFG and its producer members to leverage economies of scale and effect management improvements.

Oaklins' team in South Africa advised the shareholders of Grain Farmers Group Limited as an independent expert regarding Overberg Agri's offer to acquire the company.