Related Keywords: merger, Primary Wool, Wool Equities
The two wool businesses at opposite ends of the wool market are in discussion for a possible merger. Primary Wool Cooperative, a farmer-owned joint venture with wool broker Elders takes wool from farmers at the farm gate and on sells it, while Wool Equities manufactures wool for its grower shareholders, buys scoured wool and converts it into yarn and garments through its spinning, weaving and knitting operations.
According to Wool Equities Chairman Clifford Heath, there are enough synergies and opportunities for them to keep talking to see if they can pull the whole thing together.
