Minerva Foods (Brazil) and SALIC (Saudi Agricultural and Livestock Investment Company) joint venture → Australian Lamb Company
completedDeal announced2022-10-21
BuyerMinerva Foods (Brazil) and SALIC (Saudi Agricultural and Livestock Investment Company) joint venture
SellerAustralian Lamb Company
SectorAgriculture/Meat Processing
ValueA$400.0M
Deal typeM&A
A joint venture between Brazil's Minerva S.A. and Saudi Arabia's SALIC acquired Australian Lamb Company — owner of a fully integrated lamb processing facility in Colac, Victoria, and a Melbourne boning/sales hub — for approximately A$400 million.
Why the buyer wanted it
Minerva and SALIC, both major global protein investors building out international meat supply chains, wanted a scaled Australian lamb processing platform to add to their existing Australian livestock investments.
Why the seller agreed
Not publicly disclosed.
Stock reaction
Not applicable — Australian Lamb Company is privately held.
Deal mechanics
Deal structure
All-cash acquisition via joint venture vehicle
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