The South Australian Co-operative Bulk Handling Ltd. (SACBH) was established in 1954 and took the state’s grain industry from the laborious and inefficient use of jute bags for the handling and storage of grain, into the contemporary era of bulk handling and storage. However, changes to the national grains industry during the 1980s led to market deregulation and the corporatisation of many statutory authorities in the decades that followed. Faced with this changing environment in 2000, SACBH transformed from a co-operative into a hybrid business model, AusBulk-UGH. This comprised a public company AusBulk Ltd., which was 51% owned by the grower-owned private company United Grower Holdings (UGH). By 2004, increasing pressure from members and outside interests led the company to merge with ABB Grain Ltd., the former Australian Barley Board (ABB), which was privatised in 1999. In 2007 ABB Grain Ltd. was restructured, resulting in the loss of grower control over the business. The following year the company was publicly listed on the Australian Stock Exchange (ASX), for total of $187 million. However, in 2009 the newly listed company was acquired by Canada’s Viterra for $1.6 billion and is now owned by the Anglo-Swiss Glencore, which acquired Viterra in 2013.
|Number of pages
|CEMI-CERU Case Study Research Report
|Centre for Entrepreneurial Management and Innovation (CEMI)
|Published - 2021