A VICTORIAN feedlot of major scale - the Peechelba Beef feedlot near Wangaratta, is being offered for sale, in what could be a big opportunity for a local or international buyer.
Managed for almost 30 years by ICM, Peechelba Beef has the potential to continue developing as a unique and valuable business, as either a standalone enterprise or as a component of an integrated meat supply operation.
Peechelba Beef is the largest custom-fed beef feedlot in Southern Australia. Situated in North Eastern Victoria, the feedlot is ideally located amongst a number of highly concentrated cattle and feed producing regions in Victoria and Southern New South Wales and a range of processing facilities and markets.
The location also provides easy access to major port facilities for export with access to an abundant and secure water supply from the Ovens River and ground water.
The feedlot is a market leader, already boasting an established network of award winning clients and with continual demand for its custom feeding services.
Peechelba Beef’s facilities and associated pastures cover over 670Ha and can manage up to 20,000 head, providing significant economies of scale.
On-site hospital and quarantine facilities ensure the highest standards of animal welfare and the feedlot has received organic certification from the National Association for Sustainable Agriculture, Australia (NASAA) and is European Union Cattle Accreditation Scheme (EUCAS) and National Feedlot Accreditation Scheme (NFAS) accredited.
ICM Agribusiness CEO Ross Dawson said the decision to put Peechelba Beef on the market was part of a wider ICM Group strategy to focus on those businesses that provide greater integration with other ICM Group activities.
“ICM Agribusiness aims to streamline its diverse range of agricultural assets in Australia, to focus on those activities that offer greatest integration opportunities with the remainder of the ICM Group’s businesses.”
This realignment process and the receipt of expressions of interest from credible parties, has resulted in the decision to put the Peechelba Beef feedlot on the market.
However, Corporate Finance Partner at PPB Advisory Colin Egan said the business would not be sold at any price.
“The acquisition of Peechelba Beef presents a rare and significant opportunity for a local or foreign industry participant or investor, boosted by the current buoyancy of Australian beef within the global market,” said Mr Egan.
Interested parties are encouraged to communicate with Colin Egan or Joe Dicks at PPB Advisory on Tel: +61 3 9269 4000 or E: cegan@ppbadvisory.com or jdicks@ppbadvisory.com