Australian Food & Fibre Ltd. acquired Auscott Limited from JG Boswell Company (OTCPK:BWEL) on May 17, 2021. Under the terms of the acquisition, AFF will acquire 100 per cent of Auscott, including its properties, ginning, warehousing and marketing operations. The post-farmgate businesses will be led by current Auscott Chief Executive Officer Ashley Power and managed by his Sydney-based team. Auscott’s team will move to AFF. All regulatory approvals were met. Greg Quinn of PwC Australia acted as financial advisor in the transaction. Thomson Geer acted as legal advisor to JG Boswell Company (OTCPK:BWEL). Australian Food & Fibre Ltd. completed the acquisition of Auscott Limited from JG Boswell Company (OTCPK:BWEL) on May 17, 2021.