Gray Wigg Gault’s Clydebank aggregation sells to Aurora Dairies

A well-known foreign investor will take ownership of a Gippsland dairy farm, after securing it for tens of millions.

Aurora Dairies is one of the biggest milk producers in the country.

Canada’s Aurora Dairies has purchased another Gippsland dairy farm from the company Gray Wigg Gault.

Aurora Dairies, owned by Canada’s Public Sector Pension Investment Board, paid about $20 million for the 1237ha Clydebank aggregation, owned by trucking contractor Patrick Gray and farmers Lachlan Wigg and Matthew Gault.

The Weekly Times recently reported the aggregation was under offer and subject to approval by the Foreign Investment Review Board.

It comes after Aurora Dairies paid more than $55 million for 2500ha worth of dairy farms owned Gray Wigg Gault in October last year.

Aurora Dairies is on of the biggest milk producers in the country and owns and operates more than 20 dairy farms in southeast Australia, producing more than 100 million litres of milk a year.

At the beginning of 2020, Aurora paid $40.4 million for four dairy farms at Mt Gambier in South Australia from the ASX-listed Beston Global Food Company.

PSP manages the superannuation funds of the Canadian public sector and armed forces in addition to the 30,000 member-strong Royal Canadian Mounted Police.

Gray Wigg Gault also offloaded cropping and grazing country near Bengworden in a quick sale last September.

Originally published as Gray Wigg Gault’s Clydebank aggregation sells to Aurora Dairies