ALL BEEFED UP
27 September 2011,
A joint venture between the Teys family and one of Australia’s largest beef processors has resulted in a new venture for one of Queensland’s most successful and longest running companies.
James Packer’s Consolidated Pastoral Holding owned 50 per cent of Teys Bros for decades before selling its interest to the world’s largest agricultural company Cargill for an undisclosed price in 2011. The result of the new merger is Teys Australia – a Cargill Joint Venture.
CEO Brad Teys says the formation of Teys Australia represents an exciting time for employees, suppliers and customers.
“Teys Australia inherits the best of Teys Bros and Cargill Beef and will become a leader in the global beef industry,” he says.
The new company’s senior management team will now focus on integrating both businesses and building a company which is committed to the long-term prosperity of the Australian cattle industry and its international customers.
“The key strength of Teys Australia is the people who work for it. Teys Australia is a team of very talented, loyal and motivated people with vast industry knowledge and a proven track record across the entire supply chain. I am convinced we have the right team to get the job done,” says Teys.
“Our customers can look forward to a second to none suite of products and services which cater specifically for their needs. We are committed to partnering with our key customers to deliver unparalleled levels of product innovation.”
He says the company was not largely affected by the Federal Government’s live export ban.
“The Australian cattle producer produces a range of cattle which are suitable for a wide variety of markets. Whether it is lean manufacturing beef or a steak for the world’s best restaurant or retailer, we can meet that need,” says Teys.
“We intend to continue to strive for efficiencies and leverage a new global marketing reach to the benefit of all.”