PwC announces significant investments to support growth in the Australian food and agribusiness sector

15 February

PwC today announced a significant expansion of its investment in Australia’s food and agriculture sectors with the establishment of a new specialist Food and Agribusiness Advisory Team and a new food safety assurance offering.

Specialist Food and Agribusiness Advisory Team

The advisory team will be lead by three new partners, Greg Quinn, Ben Craw and Tim Lee who are recognised leaders across the Australian and New Zealand agriculture sector. Their focus will be helping Australian farmers, investors and agribusiness clients realise the potential of their businesses and investments.

PwC Deals Leader Troy Porter said the food and agribusiness sector is a key future driver of economic growth for Australia and the team wants to work alongside farmers and agribusinesses to unlock new opportunities.

“Australia’s agriculture sector is crucially important for the nation’s future economic growth and prosperity. The sector’s growth potential is enormous. By 2050 it has been estimated that Australia has an opportunity to capture an additional $0.7 trillion to $1.7 trillion in agricultural exports,” Mr Porter said.

“PwC wants to be at the forefront of this opportunity, helping facilitate the sector’s access to capital to meet the demands of local and regional population growth and to solve the intergenerational succession issues faced by many Australian farmers.

“Our new dedicated partners bring more than 45 years combined experience and significantly boost our knowledge and advisory capabilities. They will work alongside the 400 plus staff we have who already work with food and agribusinesses clients as part of their portfolios.

“With this new specialist advisory service we offer our food and agribusiness clients and capital providers an end-to-end service which can integrate financial and commercial advisory, accounting and audit and tax and legal advice lead by partners with deep sector expertise, a passion for agriculture and strong connections to rural Australia,” Mr Porter said.

Greg Quinn added that joining PwC represented an opportunity to be part of a truly global business network that can be leveraged to benefit clients.

“PwC is a truly global business operating in more than 150 countries and with a client mix that spans family owned and operated farming businesses, to the largest commodity traders and retailers in the world, local and global investors, as well as government and government agencies. Combine that reach with world leading experts across the full breadth of professional services and you have a firm that can help Australian agribusinesses go to the next level.” Mr Quinn said.

New Food Safety assurance offering

PwC has also commenced a new business that is a full ISO (International Organization for Standardization) service provider that will specialise in advisory services related to compliance with ISO standards, and training for compliance officers in large businesses. This new business unit will be lead by Peter Chandler who has more than 30 years experience in the food safety industry.

PwC Assurance Partner Peter Buchholz said Australian food and agribusinesses need effective and efficient processes to achieve value from certification and PwC can support them monitor and maintain compliance.

“These services are adjacent to the existing work we do with clients in the food and agribusiness sectors to help build trust and confidence about food products. Peter has extensive market leading experience and we’re delighted he has come on board.”

PwC also recently acquired Australia’s largest independent ISO Training Organisation, the Auditor Training Centre, which continues to be lead by Carrie Jones and Andrew Barham.

“The complementary skills of training and certification enable PwC to meet the demand for ISO Services and our projections are that training and certification will be significant part of our Australian and regional business within 2 years.

“We’re encouraged by the fact that more and more clients are seeking a service provider who not only knows their business but can help assure them about the quality expected from Australian food products into our largest markets in Asia,” Mr Buchholz said.

 

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