ELDERS Limited advises it has entered into an agreement with Australian Meat Group to sell 100 per cent of shares held in Killara Feedlot, about 13 kilometres north-east of Quirindi, for total consideration of approximately $195.8 million.
Killara operates as an integrated grain-fed and grass-fed beef production facility in the Liverpool Plains region of New South Wales.
It has a combined annual throughput of approximately 62,000 head of cattle and sits on 1402ha of freehold land.
The sale is subject to approval from 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 June 30, 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,” Mr Allison said.
“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.”
AMG’s managing director, Gilbert Cabral, 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,” Mr Cabral said.
“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.”
Elders is being advised by Kidder Williams Limited as exclusive financial adviser and Laity Morrow as legal adviser in relation to the sale.
Consideration comprises $122 million of cash plus normalised working capital, which predominantly includes cattle inventory. As of September 30, 2025, Killara held $73.8 million of working capital. Consideration is preliminary and unaudited and will be finalised once the sale completes.
Elders Media
