Freedom Foods Group Limited
(ASX:FNP) has inked a deal to buy the business and assets of the Ringwood Mill in New South Wales for about $5.9 million.
Ringwood Mill assets include 7.5 hectares of land, grain silos, flour processing plants, machinery, equipment, buildings and an export container facility.
The food manufacturer says the acquisition will enable it to expand its milling operations for internal use and external third party customers.
This will be facilitated through increased capabilities and capacity, access to cost efficiencies and the ability to consider expansion into processing of other key grains.
Freedom Foods Group reported a net profit of $55.19 million in the first half of the 2015 financial year.
