WESTPORT, Conn., April 8, 2014 (GLOBE NEWSWIRE) -- Anholt Services (USA), Inc. (together with its affiliates and owners, "Anholt") announced today that Southern Harvest, LP, a subsidiary of Anholt Investments, Limited, has acquired approximately 6,000 hectares of agricultural land in Romania in two separate transactions. This land is primarily used for wheat, corn, mustard seed and sunflower farming. As part of this transaction, Southern Harvest also acquired large and state of the art storage facilities.
This acquisition brings Southern Harvest's total land ownership to approximately 29,000 hectares, with the rest of the land being located in Uruguay and Paraguay. In commenting on the acquisition, Anholt Partner Rudolph Krediet commented, "We are very excited to work with our management partner, Jim McCarthy, to consummate this acquisition. We find Romania to be an exciting jurisdiction, both in terms of the quality of land and the nature of the commercial opportunity. We look forward to continuing our growth in Romania, as well as in South America. As always, our goal is to develop our agricultural holdings into world class farming and related operations, bringing the land to its highest value use over time."
Anholt Managing Director, Joe Massoud, continued, "Since 2007, we have been acquiring high quality agricultural land globally, and we continue to be excited about the prospects for this investment class from a long term point of view. We are fortunate to have strong operating teams to identify interesting opportunities and then farm the land in a sustainable and profitable way."
About Anholt:
Anholt Services (USA), Inc. is an indirect subsidiary of the Kattegat Trust, a family office based philanthropic foundation. Anholt evaluates and manages Kattegat's interests globally across a wide range of asset classes, including hard assets, fund partnership interests and control and minority stakes in private and public companies. The senior members of the Anholt team have worked with the Kattegat Trust in various capacities since 1998. Email info@anholtusa.com.