Elders Limited has entered into an agreement to sell its Killara Feedlot operation near Quirindi to Australian Meat Group Pty Ltd (AMG) in a deal worth approximately $195.8 million.
The transaction will see 100 per cent of the shares in Killara Feedlot Pty Ltd transferred to Australian Meat Group, subject to approval from the Foreign Investment Review Board and the Australian Competition and Consumer Commission. Dependent on the timing and success of those approvals, Elders expects the sale to complete prior to 30 June 2026.
The plans to sell Killara were confirmed last year, with Elders saying at the time they would only sell to the right buyer.
Killara operates as an integrated grain-fed and grass-fed beef production facility in the Liverpool Plains region of NSW. The business has a combined annual throughput of around 62,000 head of cattle and sits on 1,402 hectares of freehold land, including 1,050 hectares of prime farming and irrigation country that produces most of the yard’s roughage and hay requirements, including corn silage. In total, country either owned or leased amounts to about 1,300 hectares, including 300 hectares of irrigation.
Beyond the feedlot infrastructure, Killara also runs a large grass-finishing operation, supplying around 260 head each week of Certified Grassfed beef into programs for major supermarkets and export processors, with capacity to turn off around 10,000 finished steers and heifers each year.
The yard feeds a range of cattle types, from a Woolworths domestic grainfed supply contract to midfed Angus fed for around 150 days. New milling infrastructure was installed some years ago to support rations and efficiency.
The business has cultivated close working relationships with backgrounders across the region, who buy quality weaners and supply feeder cattle into the yard, supported by detailed carcase feedback.
Elders Managing Director and Chief Executive Officer Mark Allison said the decision to sell reflected a strategic move for the agribusiness company and its shareholders.
“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.”
AMG was founded in 2013 by meat industry professionals Joe Catalfamo and Gilbert Cabral. Their vision was to build a state-of-the-art meat processing infrastructure producing high quality meat products for local and international markets. The Killara acquisition adds to their existing beef processing facilities in Dandenong and Cootamundra.
Mr Cabral said the acquisition represented a strong strategic fit.
“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.
Under the terms of the agreement, the consideration comprises $122 million in cash plus normalised working capital, which predominantly includes cattle inventory. As at 30 September 2025, Killara held $73.8 million of working capital. The final consideration is preliminary and unaudited and will be finalised once the sale completes.
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