US food giant Cargill buys Australian meat firm Teys

Market: Agriculture
06/06/25

US food processor Cargill will buy one of Australia's largest meat processing companies, Teys Investments, the firms announced on 5 June.

Cargill and the former Teys Bros merged into a 50:50 joint venture, known as Teys Australia, in 2011,boosting Teys' access to international markets. A Cargill-owned subsidiary is now set to buy the remaining 50pc of Teys Investments, including Teys USA and Teys Australia, increasing Cargill's ownership stake to 100pc. The sale is dependent on regulatory approvals and is expected to be completed in the second half of this year, according to Cargill and Teys.

The firms have operated together for 14 years and the current sale is unlikely to have a major impact on Cargill's footprint in Australia.

Teys operates six meat processing facilities and three feedlots across Australia, while Cargill is involved in grain bulk handling and oilseed crushing.

The ownership change will ensure Teys continues to provide high-quality Australian meat for local and international consumers, the firms said in a joint statement.

By Grace Dudley

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