Cargill Completes Acquisition Of Teys Beef Processing

Cargill and Teys Investments Pty Ltd have completed the successful ownership transition of Teys Australia and Teys USA, with Cargill now holding 100% ownership. This follows the approval of all regulatory requirements, including clearance from the Australian Foreign Investment Review Board (FIRB) and relevant authorities in our export markets.

This acquisition marks a significant milestone in the longstanding partnership between the Teys family and Cargill, which has spanned more than 14 years. The transition of ownership to Cargill ensures long-term stability for Teys’ people, partners, and producers, while continuing to honour the company’s 75-year legacy of integrity, quality and trust.

With the completion of the change of ownership to Cargill, Andrew MacPherson (whose appointment as CEO of Teys was announced last month) will assume his leadership role effective immediately. Andrew is based in Brisbane, Australia and will be responsible for driving Teys operations as a leading provider of healthy, high-quality Australian beef products and a buyer of Australian livestock destined for local and international customers.

Teys currently employs 5,000 people across its two primary operating companies, Teys Australia and Teys USA.