That's how I read the announcement cuturhair. Will be interesting to see how it goes with this acquisition.
All I do know for sure is that Webster is a very different company from the one I bought into a few years ago. It's transformed itself - with a clear strategy the whole way, and a well executed one at that.
It's barely got any operations in Tasmania now. That's probably a good move, Tasmania is going backwards (a welfare state) and, accordingly, getting goods out of there is becoming more and more expensive.
Webster has focused in on walnuts, exiting carrots and onions and its Tassal shareholding in the process.
This is its biggest acquisition yet I believe, but management has barely put a foot wrong the last few years, and I'll back them to do well with this too.
WBA Price at posting:
$1.15 Sentiment: Buy Disclosure: Held