Blog Post

Processor Cedar Meats denies administration rumours, as it seeks to restructure

VICTORIAN small stock processor Cedar Meats has moved to dispel concerns its business would be disrupted by delays in finalising a new corporate structure deal.

Beef Central was told today that the company is trying to finalise the corporatisation of its structure within the new parent entity Global Meat Exports, a subsidiary of the unlisted public company AustAgri Group Limited.

The GME deal to transition the Brooklyn-based sheep, lamb, veal and goat processor into a $300 million ‘paddock-to-plate’ conglomerate with intentions to list on the Australian Stock Exchange was first…

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