THE DISTILLERY: Mourning Elders

Some jotters explain why Elders avoided a Ruralco merger, while another casts back in time with a detailed history of Elders IXL.

Instead of merging with Ruralco, Australia’s iconic rural services company Elders has chosen to basically sell the lot, settle its debts and turn over the remaining scraps to shareholders. After 173 years, Elders has succumbed to a series of pressures.

This morning Australia’s business commentators search for an explanation of why it’s come to this. However, while looking, none of them had the presence of mind (or lack of self-respect) to make a pun about the passing of adored Elders.

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