Agridry, based in Toowoomba, Queensland, was established in 1976 and is a manufacturer of drying and aeration equipment for grain, almonds, pulses, nuts, wood chip and other commodities. Agridry's brands include Predator, Goliath, Tundra, Kinetic and Tanami.

Agridry owner, Adam Montgomery, said that while he had some reluctance in selling the business, he was delighted that a family business such as Morrison Industries would guide Agridry through the next phase of its business activity.

Montgomery has led an innovative approach to the business since taking over ownership in 2011, resulting in a broad suite of registered designs and intellectual property being created.

Morrison Industries managing director and owner, Steven Morrison, said that Morrison Industries had wanted to expand its activities into the grain drying market for some time and the acquisition of Agridry fulfils this objective.

The Forbes-based business presently manufactures silos under the HE Silos brand and the two activities of silos and dryers will complement each other and give the company a broader customer offer.

Morrison said that the Toowoomba manufacturing site would remain as the key location for the dryer operation and the business will continue to be run by the present management and supported by existing staff.