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S. Kidman & Co. Selling Cattle Business

S. Kidman & Co. Selling Cattle Business
Apr 10, 2015 By Wise-owl

One of Australia’s biggest landholders, S. Kidman & Co., has been put up for sale by its family shareholders. Members of the wealthy Kidman family own 98 per cent the grass-fed beef exporting company. Greg Campbell, Kidman managing director, said the family was interested in selling the company amid a period of high demand for Australian agriculture assets. “Many of the family have other existing investments in Australian agriculture and elsewhere and the sale will allow them to convert long-term capital gains into cash to support their other businesses and investments,” Mr. Campbell said. “The company is in excellent financial shape, being debt free with no mortgages over any assets.” The company owns 11 cattle stations with more than 200,000 heads of cattle and a feedlot covering more than 100,000 square kilometres across Queensland, Western Australia and the Northern Territory.

 The Kidmans are the descendants of the Adelaide-born Sir Sidney Kidman, dubbed the “Cattle King”, who founded the company over a century ago. S. Kidman & Co. currently averages 15,000 tonnes of carcass beef each year and provides 1.3 per cent of Australia’s boxed beef exports. Demand for beef products have been on the rise in South East Asia, especially in Indonesia and Vietnam. The family shareholders of the company hope to take advantage of the rise in demand for beef. “The geographic spread in the property portfolio also covers northern Australia, which allows ready access to live export markets. The quality of Kidman cattle is highly regarded and the company brand is well known within saleyards and the feedlot sector, both within Australia and South-East Asia.”

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