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Media Statement – Auscott Limited
Auscott announces the sale of the Auscott Midkin Aggregation at Moree.
The sale includes all the properties, the water entitlements and the ginning business at Auscott
“Midkin” Moree and is subject to Foreign Investment Review Board (FIRB) approval.
Ashley Power, Chief Executive Officer and Managing Director, Auscott said: “Auscott has been
involved in Midkin for more than 40 years and would like to express our gratitude to the dedicated
staff at Midkin and for the relationship with growers as well as the community of the Gwydir.
Ashley said, “Having built up the property and operations over such a long time it gives us comfort
that Midkin including the ginning business is sold as a going concern with ongoing employment for
staff”.