Hello from South Australia, the home of Kidman (and award winning wines)! Since my last newsletter, we have had a busy few months. It has been a year of growth and achievement, with the most recent acquisition of S. Kidman & Co through our joint venture with Shanghai CRED topping off an exciting year for our team.
HISTORIC KIDMAN ACQUISITION
This joint-venture will further expand Hancock’s beef interests geographically across Australia, mitigating weather risks, and placing us in the top three beef producers in Australia, with a herd size growing to 300,000 head. This helps to underpin valuable brands and make us more attractive to customers, both here and overseas.
The acquisition also raises the Australian ownership of properties recently held in the Kidman portfolio from 66% to 74.7%. Treasurer Scott Morrison’s media release regarding the acquisition of Kidman can be accessed by clicking here.
I would like to sincerely thank my team at Hancock, led by CEO Garry Korte, and the Kidman team for all of their hard-work over the past few months to make this vision a reality.
