November 14, 2025

 

Cargill finalises acquisition of Teys Australia

US meat processing giant Cargill has finalized its acquisition of Teys Australia's beef processing and export operations, nearly 15 years after the two companies launched a landmark 50-50 joint venture.

 

Former managing director and board chair Brad Teys departed the business, with new chief executive officer Andrew MacPherson taking the chair on November 3.

 

The business name, Teys Australia, will remain, with no reference to Cargill.

 

Teys, the second largest beef processor in the nation, currently employing 5000 staff across its two primary operating companies:

 

    ·  This week's full transition, with Cargill now holding 100% ownership of the Teys Australia business, follows the approval of all regulatory requirements, including clearance from the Australian Foreign Investment Review Board and relevant authorities in export markets.

 

    ·  The transition of ownership to Cargill ensures long-term stability for Teys' people, partners, and producers, while continuing to honour the company's 79-year legacy of integrity, quality and trust, Cargill said in a statement.

  

Based in Brisbane, new CEO Andrew MacPherson will be responsible for driving Teys' operations as a leading provider of healthy, high-quality Australian beef products and a buyer of Australian livestock destined for local and international customers, the statement said.

 

MacPherson worked with Cargill Australia for 18 years prior to the 2011 merger with Teys, operating out of the company's Wagga processing operations and Jindalee feedlot. He rose through the ranks to become Cargill Australia's chief operating officer and managing director.

 

After Cargill's merger with Teys in 2011, he worked for the next 12 years with Teys Australia. He was appointed Teys' chief executive officer in 2021, after Brad Teys stepped back from the role to focus on the executive chairman's role, before leaving the company in 2023. Since then, he has worked in consultancy and holds directorships with the Sunpork group, agtech company DIT and the Mighty Good Food Group.

 

In June, it was announced that the Teys family would exit the joint venture business, selling its 50% stake to partner Cargill.

 

-        Beef Central