Blog Post

Kimberley Meat Co plant heads to sale, as original founder sells stake to ADM

Kimberley Meat Co plant near Broome

WESTERN Australia’s Kimberley Meat Co beef processing plant near Broome will be sold, as part of an ownership change that has taken place this month.

Founder Mervyn Key has sold his 45 percent stake in the plant, together with his share of parent company Yeeda Pastoral Co, to one of his existing partners, ADM Australia.

The deal also includes Yeeda’s two large pastoral assets, Yeeda and Mt Jowlaenga stations near Broome. In March last year, Yeeda Pastoral sold its Springvale group of properties near Broome (Springvale, Mable Downs, Alice Downs and…

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