Mort & Co has acquired a 50% interest in Yarranbrook Feedlot, near Inglewood in Queensland. The investment will begin a Joint Venture with the remaining owner, Stone Axe Pastoral, from July 1, 2022.
Stone Axe Pastoral supplies ultra-premium Wagyu to the global market through their purebred, full blood and crossbred Wagyu.
Mort & Co CEO, Stephen O’Brien says the 50/50 partnership is another step in growing the company’s feedlot footprint.
Mr O’Brien says the 17,000hd feedlot will be an excellent addition to the company’s growing number of grainfed cattle.
“We are really looking forward to supporting the potential growth opportunities of Yarranbrook, alongside an excellent team of employees and one of Australia’s best wagyu producers in Stone Axe Pastoral.”
The CEO says the company is thrilled to have the opportunity to work with such a committed and experienced team of employees at Yarranbrook.
“Our priority at this stage is to ensure a smooth transition phase and develop strong relationships with all stakeholders, as we move forward.”