Queensland Cotton acquires M&M

In recent days, Queensland Cotton, Australia’s leading wool export trader, announced the acquisition of M&M Wools Wool Exchange, a wool purchaser based in Victoria, Eastern Australia. Queensland Cotton Company is a branch company of Australian commercial trader Olam International in Australia.

After the acquisition is completed, Queensland Cotton will retain the existing employees of M&M Wools and its current seven wool sales points. Queensland Cotton’s wool acquisition and distribution business will be extended to eastern Victoria, and its penetration in the eastern part of Australia will be further strengthened and wool supply will increase further. It is reported that other Australian wool exporters are also trying to increase wool supply in various ways.

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