The Latest Breaking News from Australian Lamb Company

Australian Lamb Company sold to Minerva Foods Australia in $400 million deal

The owner of Colac's meat processing plant — one of the city's biggest employers — has sold to a Saudi and Brazilian joint venture company.

ABC News · Oct 25, 2022

Saudi Arabia’s SALIC, Brazil’s Minerva Buy Australian Lamb Company for about $260 Mln

The Saudi Agricultural and Livestock Investment Company (SALIC), owned by the Saudi Public Investment Fund, and Brazilian meatpacker Minerva has acquired the Australian Lamb Company (ALC) for 970 million riyals ($258 million), SALIC said in a statement on Friday. The acquisition was done through Minerva Foods Australia, a joint venture…

Asharq Al-Awsat · Oct 21, 2022