Pace Farm is pleased to announce it received regulatory approval to progress with the investment in Kinross Farms, one of Victoria’s premier farm fresh egg producers.
This investment in Kinross Farms is part of Pace Farm’s strategic positioning at the forefront of the egg industry, leading the way on innovative, sustainable, responsible egg production.
The investment in Kinross Farms was an obvious decision for Pace Farm. The business has a long-standing commitment to efficiency, productivity and innovation in egg production, and Pace Farm is keen to adopt its industry-leading practices.
As a business with its own history steeped in family farming, Pace Farm understands Kinross Farms’ commitment to its team members as an integral part of the farm family, and looks forward to welcoming all teams to Pace Farm.
Kinross Farms owner and managing director Philip Szepe will remain with the business as a consultant, sharing his wealth of knowledge, experience and understanding of the operations.
With Pace Farm’s vision — eggs for everyone — leading the way, the company is focused on providing quality, affordable eggs to Australians everywhere, every day, and the Pace Farm team is looking forward to this exciting new chapter for the company.
The transaction will be completed by June 28. Terms of the transaction are not disclosed.
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