Elders Limited (ASX:ELD, Elders) advises it has entered into an agreement with Australian Meat Group Pty Ltd (AMG) to sell 100% of shares held in Killara Feedlot Pty Ltd (Killara) for total consideration of approximately $195.8m1
Killara operates as an integrated grain-fed and grass-fed beef production facility in the Liverpool Plains region of NSW. It has a combined annual throughput of approximately 62,000 head of cattle and sits on 1,402ha of freehold land.
The sale is subject to approval from both the Foreign Investment Review Board and Australian Competition and Consumer Commission. Dependent on the success and timing of these approvals, Elders expects the sale to complete prior to 30 June 2026.
Elders Managing Director and Chief Executive Officer, Mark Allison, said, “Killara has long been a successful and valuable part of Elders’ Products and Services Portfolio.We feel for Killara to continue to grow and develop as a blue chip operation, it is appropriate for it to move to a more natural owner, and we have found this in AMG.
“The sale at this time supports our value creation strategy for Elders’ shareholders. We thank Killara management and its employees for their contribution to Elders.”
Gilbert Cabral, AMG’s Managing Director, said Killara represents a compelling strategic fit for AMG and continues their successful track record of growth through acquisitions.
“We have a long-standing relationship with Killara and are impressed by the quality of the business and its people. Killara will enhance our ability to service our customers with the highest quality Australian beef.
“Elders has been an extraordinary custodian of Killara and AMG looks forward to supporting its continued success,” Mr Cabral said.
Elders is being advised by Kidder Williams Limited as exclusive financial advisor and Laity Morrow as legal advisor in relation to the sale.
1 Consideration comprises $122.0m of cash plus normalised working capital, which predominantly includes cattle inventory. At 30 September 2025, Killara held $73.8m of working capital. Consideration is preliminary and unaudited and will be finalised once the sale completes.