Australia’s largest privately owned feedlot company, Mort & Co, will list its remaining assets on the market this week, after putting its Pinegrove and Yarranbrook feedlots up for sale last October. The company’s board of directors made the decision to sell based on “the current robust growth within the industry and the ongoing demand for high-quality grain-fed beef”.
Since the business was founded in 1997, Mort & Co has grown to run a vertically integrated supply chain servicing Australia’s largest feedlot, Grassdale. That chain includes a fleet of 45 prime movers, a cotton seed dehulling and de-oiling plant, and five award winning Angus and Wagyu beef brands which are exported across the globe.
The company employs more than 300 staff members, and has partnerships with over 2000 vendors supplying cattle directly to Mort & Co. In 2020, the company also recognised a potential diversification avenue, establishing Mort & Co Fertilisers.
Mort & Co CEO, Stephen O’Brien, said the company goes to market as a highly respected agricultural business, with a reputation for quality and trusted values.
“Mort & Co is known as a leader in the industry – built through innovation, courage and resilience – but most importantly through the commitment from our people and our partners,” said O’Brien.
“The Board has decided that the company, at its most successful and highest point, will be best taken to the next level under new ownership – a decision which clearly has not been made lightly. As we move through this transition, our priority is to maintain the strong and consistent operations Mort & Co is so well known for, while supporting our loyal and skilled team,” he said.
The sale process will begin immediately, undertaken by commercial real estate agency, LAWD, with expressions of interest closing at the end of May.
