Cargill and Teys Investments Pty Ltd have completed the successful ownership transition of Teys Australia and Teys USA, with Cargill now holding 100% ownership.
This follows the approval of all regulatory requirements, including clearance from the Australian Foreign Investment Review Board (FIRB) and relevant authorities in our export markets.
This acquisition marks a significant milestone in the longstanding partnership between the Teys family and Cargill, which has spanned more than 14 years. The transition of ownership to Cargill ensures long-term stability for Teys’ people, partners, and producers, while continuing to honour the company’s 75-year legacy of integrity, quality and trust.
With the completion of the change of ownership to Cargill, Andrew MacPherson (whose appointment as CEO of Teys was announced last month) will assume his leadership role effective immediately. See appointment here.
Andrew is based in Brisbane, Australia and 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.
Teys currently employs 5,000 people across its two primary operating companies, Teys Australia and Teys USA.
About Cargill
Cargill is committed to providing food, ingredients, agricultural solutions, and industrial products to nourish the world in a safe, responsible, and sustainable way.
Sitting at the heart of the supply chain, we partner with farmers and customers to source, make and deliver products that are vital for living. Our 155K+ employees innovate with purpose, providing customers with life’s essentials so businesses can grow, communities prosper, and consumers live well.
With 160 years of experience as a family company, we look ahead while remaining true to our values. We put people first. We reach higher. We do the right thing—today and for generations to come.
About Teys Since 1946, Teys has been delivering the best Aussie beef to our customers in Australia and around the world. Today, we offer a wide range of fresh beef, multi protein and value added product solutions for retail, foodservice or manufacturing.
