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Select Harvests: Completes $129M Piangil purchase

December 19, 2020

Australia’s largest almond grower Select Harvests (SHV) has completed its $129 million purchase of the Piangil Almond Orchard in northwest Victoria
Piangil is a high-quality orchard located in the Sunraysia almond-growing region
The purchase is expected to increase Select Harvests’ almond production by approximately 4600 tonnes in the 2021 financial year
Additionally, the company is continuing to see strong sales in California with a 21.5 percent year-on-year increase
This spike is due to the historically low prices of almonds
On market close, Select Harvests is up 0.19 percent and is trading at $5.34 per share