Leading Australian irrigation products distributor HR Products sold to US giant Valmont Industries

Thomson Geer has advised the shareholders of leading Australian irrigation products distributor HR Products on the sale of the group to US infrastructure giant Valmont Industries.

HR Products manufactures, imports and distributes automatic irrigation equipment for agricultural, golf course, sports turf, landscape and home watering systems throughout Australia.

Valmont is listed on the New York Stock Exchange and is a global leader in the development and manufacture of agricultural and other critical infrastructure.

Thomson Geer advised HR Products and its owners on all legal aspects of the transaction including the structuring of the transaction and negotiation of the transaction documentation.

The Thomson Geer team was led by Consultant David Zwi, who said: "We are pleased to have been able to work with the HR Products team on this transformational moment. It is also an indication of the quality of the business that a global company such as Valmont has acquired it."

David was supported by Lawyer Christian Teng.

HR Products was established in Perth, Western Australia in 1979, and has grown to nearly 100 employees and six warehouse facilities, with an extensive dealer network.

Valmont said in a statement that acquiring HR Products would expand the company's geographic footprint and grow its parts presence in Australia, which is a key agriculture market.

Valmont President of Global Irrigation said: “Australia is a well-developed agriculture market and the region is focused on converting from flood irrigation as it has experienced persistent water supply challenges. HR Products has a proven and successful distribution model with strong customer relationships and robust operations across the geographically-diverse country. We are excited to welcome the HR Products team to Valmont and look forward to integrating the business and providing further value to Australian agriculture customers.”