For fresh produce marketing in Australia and New Zealand
Gabrielle Easter

BY GABRIELLE EASTER

@gab_produceplus

Monday 3rd October 2016, 16:48 Melbourne

Mitolo Group buys Oakville assets

Deloitte has found buyers for the assets of Australian potato supplier Oakville Produce after going into voluntary administration earlier this year

Mitolo Group buys Oakville assets

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South Australian hard produce company Mitolo Group has acquired assets of Oakville Produce, according to the Australian Financial Review.

Deloitte has overseen the sale of Oakville’s assets after the company’s major creditor, Commonwealth Bank, put it into receivership on 11 May. The vertically-integrated potato and onion company’s assets include farms and packaging facilities in New South Wales (NSW) and South Australia.

The Mitolo Group acquired Oakville’s South Australian potato farms, and packaging facilities in Brisbane, Melbourne and Sydney on 23 September.

Deloitte has also found a buyer for Oakville’s 4,000ha of farmland in NSW, including operations at Hillston, with a deal to be completed within six weeks.

Formerly Moraitis Group, Oakville was majority-owned by Hong Kong’s Chevalier International, which bought a 70 per cent stake in 2013, and was the leading supplier of potatoes to Australian retailer Woolworths.

Earlier this year, Oakville announced it had sold its banana division to the newly established Nutrano Produce Group.

The Mitolo Group has been contacted for comment.

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