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Teys announces transition of ownership to Cargill
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Saturday, 07 June, 2025, 14 : 00 PM [IST]
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Brisbane, Australia
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Teys Investments Pty Ltd., and Cargill announced that a wholly owned subsidiary of the company has agreed to purchase all of the issued share capital investments from the company’s family shareholders. As a result, the company will increase its ownership stake to 100% in Australia and USA, two of the primary operating companies which are currently jointly owned both companies.
With a diversified family shareholder base, it has decided it is the appropriate time to transfer the family’s interest to the company, a partner shareholder for the past 14 years and global leader in the food and protein industries.
The transfer of ownership provides continuity for its people, partners and producers, and will ensure that it continues to serve as a leading provider of healthy, high-quality Australian beef products and a buyer of Australian livestock destined for local and international customers.
Brad Teys, executive chairman, Teys, said, “My grandfather started this business more than 75 years ago with his brothers, and the family values of integrity, quality and honesty have stayed constant as we’ve evolved into the global food brand we are today. The Teys family is immensely proud to have grown our business into a premier provider of beef to our customers and Australian families. Cargill has been instrumental in our transformation into a world-class food company. We are confident they are the best owner to grow the business into the future.”
Jon Nash, executive vice president and leader of Cargill’s food enterprise, said, “As family-owned businesses, both Cargill and Teys share the same commitment to nourishing Australia and the rest of the world in a safe, responsible and sustainable way. We are grateful to the Teys family for this opportunity to continue working alongside Australian livestock producers, who are pivotal to the agricultural supply chain, and to assure the delivery of high-quality and nutritious beef to family dinner tables across the country and globe.”
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