Cargill acquires full ownership of Australian beef producer Teys Investments

Cargill has announced its agreement to acquire 100% ownership of Teys Investments, an Australian beef producer. This acquisition marks a significant transition in ownership, as Teys has been jointly owned by the Teys family and Cargill for the past 14 years.

The Teys family, which has operated the business for over 75 years, has decided that now is the appropriate time to transfer its interests entirely to Cargill. This decision comes as part of a strategic move to ensure the continuity and growth of Teys Australia and Teys USA, two key operating companies in the beef industry.

Brad Teys, executive chairman of Teys, expressed pride in the family’s legacy and the company’s evolution into a leading global food brand. “Cargill has been instrumental in our transformation into a world-class food company," he said. "We are confident they are the best owner to grow the business into the future.”

Jon Nash, executive vice president and leader of Cargill’s Food Enterprise, highlighted the importance of collaboration with Australian livestock producers, highlighting their pivotal role in the agricultural supply chain. “We are grateful to the Teys family for this opportunity to continue working alongside Australian livestock producers, who are pivotal to the agricultural supply chain,” Nash added.

This partnership aims to ensure the delivery of high-quality beef to consumers both domestically and internationally.