Wednesday, March 19, 2014
History of the company
Webster Limited, founded Year of 1831, in Australia, Tasmania. It is a agriculture industry (food production), mainly growing and processes onions and walnuts. It is well-known locally and internationally.
History,
Webster limited has specialize in numerous business sector. It is the fourth oldest company in Australia. Impressively they did not began the business with agriculture industry. They started of as a pastoral business. For the successful of the company, in 1974, the company was listed on Australian Stock exchange. (ASX, WBA.)
Webster limited then entered the agricultural industry with the acquisition of leading onion exporter, Vecon Pty Ltd in 1996.Rationalization of the onion industry then saw 3 former competitors combine their resources to form Field Fresh Tasmania (FFT) with Webster holding 50%. Subsequently, Webster acquired the other 50% of FFT. Webster broadened its interests in the food sector with the 50% acquisition of Aquatas in 1999 and the remaining 50% in 2001, adding to its long and vibrant history as an innovative Tasmanian company. In 2005, Webster positioned itself in a strong strategic position in the salmon industry through the merger of wholly owned subsidiary Aquatas, with the ASX-listed Tassal Group Limited (ASX:TGR). Webster emerged from that transaction as the largest shareholder in Tassal Group Ltd with a 25% stake.
In late 1990's and early 2000's, Webster continued the pioneering work done by Vecon in the fledgling walnut industry through the establishment of a 540 hectare walnut orchard at Swansea on the east coast of Tasmania.Later than in 2004 Webster expand walnut productions to NSW on behalf of private investor, Motspur Park Pty Ltd.
October 2007, Webster sold both industrial businesses to focus on its agriculture interests, being Field Fresh, Walnuts Australia and its strategic interest in Tassal Group Ltd. Later 2010, Webster sold their shares of Tassal Group Ltd and expanded their business furture.
The company now has it's reputation as Australia's largest onion grower and exporter, and is rapidly becoming known as a reliable, high quality producer and exporter of in-shell walnuts.The operations of the company are entirely land-based and have experienced consistent growth over the years. The walnut division in particular has enjoyed a great deal of recent success, earning Webster Limited the National Emerging Export Awardfrom Austrade in 2012.
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