<article>Canada-based <a style="color: #000080;" href="https://www.dealstreetasia.com/?s=PSP++Investments" target="_blank" rel="noopener noreferrer">Public Sector Pension Investment Board (PSP Investments)</a> has secured a majority stake in <a style="color: #000080;" href="https://www.dealstreetasia.com/?s=Stahmann+Farms" target="_blank" rel="noopener noreferrer">Stahmann Farms Enterprises (SFE)</a>, the largest pecan nut grower and processor in Australia.</article>

Canada-based <a style="color: #000080;" href="https://www.dealstreetasia.com/?s=PSP++Investments" target="_blank" rel="noopener noreferrer">Public Sector Pension Investment Board (PSP Investments)</a> has secured a majority stake in <a style="color: #000080;" href="https://www.dealstreetasia.com/?s=Stahmann+Farms" target="_blank" rel="noopener noreferrer">Stahmann Farms Enterprises (SFE)</a>, the largest pecan nut grower and processor in Australia.
The deal was made to fund further growth of SFE&#8217;s New South Wales and Queensland business, the Farmonline National reported.
Financial terms of the transactions were not disclosed.
The PSP Investments board will become the majority shareholder in SFE in partnership with existing directors.
Existing owners, Matthew Durack, Richard Genest, and SFE chief executive Ross Burling will be joined by a PSP representative and SFE’s chief financial officer Robin Stinson, on the revamped company’s board of directors.
Established in east of Moree in 1971, SFE reportedly produces and packs the vast majority of Australia’s pecan crop and is also the fourth largest macadamia processor.
With its consumer packing division in Toowoomba, SFE sends nuts to retailers throughout Australia and around the world.
Burling said, PSP’s investment would enable the Stahmann business to boost its production capacities and expand processing and marketing activities as extra nut volumes were harvested.
He noted PSP’s long-term investment strategy fitted exactly with SFE’s requirements and expansion agenda.
SFE&#8217;s American parent company Stahmann Farms Inc was established in Las Cruces, New Mexico, in 1932 by Deane Stahmann Snr.
Farmonline National noted that since SFE has been independent of its American parent in 2006, it has enjoyed rapid growth over the past decade, particularly from emerging markets in Asia.
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PSP Investments acquires Australian pecan nut business giant Stahmann

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PSP Investments acquires Australian pecan nut business giant Stahmann

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