Farm chemicals entrepreneur Doug Rathbone will pocket a small windfall from the $475 million buyout of Delta Agribusiness by larger rival Elders and intends to stay on to help guide the business for two years.
The 79-year-old built his fortune via the Nufarm agricultural group which he ran for 15 years until 2015. He also owns a luxury wine portfolio that includes brands such as Yering Station, Mount Langi Ghiran and Xanadu.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
