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BRIEF-Select Harvests Says Strategic Review Found Thomastown Facility Is Not Core For Future Supply Chain Requirements

Published 23/02/2021, 05:28 pm
Updated 23/02/2021, 05:30 pm
© Reuters.

Feb 23 (Reuters) - Select Harvests Ltd SHV.AX :

* STRATEGIC REVIEW FOUND THAT THOMASTOWN FACILITY IS NOT CORE FOR FUTURE SUPPLY CHAIN REQUIREMENTS

* STRATEGIC FOCUS IS BEST DIRECTED TO INVESTING IN CARINA WEST PROCESSING FACILITY

* WORKING ON A PROGRESSIVE 18-MONTH TRANSITION PLAN TO MOVE MORE ALMOND PROCESSING FROM THOMASTOWN TO CARINA WEST

* APPOINTED CORPORATE ADVISER TO SEEK EXPRESSIONS OF INTEREST IN CONSUMER BRANDED BUSINESS AND THOMASTOWN PROCESSING FACILITY

* CARINA WEST FACILITY WILL REMAIN AN ALMOND ONLY FACILITY TO AVOID ALLERGEN CONTAMINATION

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