During 2010, Webster Limited undertook a strategic review of operations. This resulted in the Company narrowing its focus on two core products, products in which Webster has competitive advantage. As a result of this review Webster Limited exited its loss making Carrot operations and divested its shares in salmon producer, Tassal Group Limited. As well, the Company consolidated its position as the southern hemisphere's largest walnut orchard manager and producer of walnuts through the acquisition of 1,365 ha of walnut orchard in the Riverina previously owned by Gunns Limited. The Company was also able to retire a significant amount of debt following the sale of its Tassal Group Limited shares.
Webster is now totally focussed on land based food production via its two operating divisions, Field Fresh Tasmania and Walnuts Australia. Both divisions are export focussed with brown onions and in-shell walnuts being the two major products grown and processed under stringent quality systems ensuring customers of high quality, healthy and safe food which is so important today.
Webster's head office is at Forth on the northwest coast of Tasmania, in the heart of the rich agricultural land where most of the onions are grown.
Aug 31 | ASX WBA
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