Cargill has announced an agreement to acquire 100% ownership of Teys Investments, an Australian beef producer in which it already held a stake. The Teys family, which has operated the business for over 75 years, decided that the time was right to transfer full ownership to Cargill. The move is part of a strategy to ensure the continuity and growth of both Teys Australia and Teys USA—two key players in the global beef industry.
Brad Teys, CEO of Teys, expressed pride in the family’s legacy and the company’s evolution into a world-class food brand. “Cargill has played a key role in our transformation into a world-class food company,” he said. “We are confident that it is the best owner to drive the future growth of the business.”
Jon Nash, executive vice president and leader of Cargill’s Food division, emphasized the importance of collaboration with Australian cattle producers and their fundamental role in the agricultural supply chain.
“We are grateful to the Teys family for this opportunity to continue working with Australian cattle producers, who are essential to the agricultural supply chain,” Nash added.
This acquisition will strengthen Cargill’s position in the beef market, particularly as global demand for high-quality, sustainably sourced protein continues to rise.
