Webster Limited

Webster Limited
Company typePrivately held company
IndustryFood and Beverage Manufacturing
Founded1831[1]
FounderAlexander Webster[2]
HeadquartersTasmania and Riverina, Australia
Key people
Roderick Roberts, Chairman[3] John HoskenCEO[4]
ProductsWalnuts, Cotton, and Livestock[5]
RevenueIncrease A$ 275 million (2017)[5]
Websitewww.websterltd.com.au

Webster Limited is an Australian business founded in 1831 by Alexander Webster, just 28 years after the settlement of Van Diemen's Land. Founded as a traditional pastoral house, Webster Limited is now a diversified food and agribusiness. Webster Limited acquired the Riverina walnut assets from Gunns Limited in 2010 and is now Australia and the southern hemisphere's largest walnut grower through its ownership and/or management of more than 2,200ha of orchards in Tasmania and the Riverina.[6] Webster has since diversified into cotton and livestock[7] following their A$ 116 million purchase of the 40,000-hectare prime Riverina cropping aggregation, "Kooba", in 2010.[8]

Acquisition and de-listing from ASX

All capital in Webster has been acquired by the Canadian Public Sector Pension Investment Board (PSP Investments).[9] PSP Investments have added the assets of Webster Limited to their stable of Australian agricultural investments[10] including investments in the major Queensland based nut producer Stahmann Farms Enterprises (SFE).[11]

On 21 February 2020 PSP delisted Webster from the Australian Securities Exchange.[12]

See also

References

  1. ^ "Webster Limited - a potted history". Retrieved 8 June 2015.
  2. ^ "Webster – the family behind a growing success story". Retrieved 8 June 2015.
  3. ^ "WEBSTER LIMITED details". Retrieved 8 June 2015.
  4. ^ "Contacts page (Webster Limited website)". Retrieved 8 June 2015.
  5. ^ a b "Annual Report 2017" (PDF).
  6. ^ "Refocussed and Revitalised: Australia's Largest Onion and Walnut Producer is Poised for Growth". Retrieved 8 June 2015.
  7. ^ "Webster to double irrigation area of Kooba properties in Riverina". Retrieved 30 March 2018.
  8. ^ "Webster snatches up 'Kooba'". 3 December 2014. Retrieved 30 March 2018.
  9. ^ "Public Sector Pension Board". Retrieved 1 November 2023.
  10. ^ "Canadian pension fund swoops on Webster in $854m bid". The Australian Financial Review. 3 October 2019. Retrieved 20 September 2020.
  11. ^ "Canada's PSP fund buys majority stake in Stahmann nutb usiness". Fairfax Media. 9 May 2017. Retrieved 20 September 2020.
  12. ^ "Market Announcement" (PDF). 21 February 2020. Retrieved 1 November 2023.