29 October 22 - In the News
Journalist: Jasmine Siljic
Publication: Lawyers Weekly
Publisher: Momentum Media
Leading lamb exporter Australian Lamb Company has been acquired by Minerva Foods Australia, adding to Minerva’s lamb processing portfolio within Australia.
Firm: Holding Redlich (Australian Lamb Company)
Deal: Holding Redlich has advised Australian Lamb Company (ALC), a global processor and exporter of lamb products, on a transaction as Minerva Foods Australia acquires 100 per cent of its shares.
Area: Merger and acquisition
Key players: The Holding Redlich team was led by partner Warren Scott, senior associate Cassie Taylor and lawyer Elly Randall. The acquisition was also advised by Andrew Livitsanos from PricewaterhouseCoopers (PwC) and Holding Redlich partners Ben McKinley, Joseph Monaghan and Howard Rapke.
Deal significance: The deal will expand Minerva’s portfolio of lamb processing plants across Australia, which currently include two factories located in Western Australia. Minerva will acquire ALC’s lamb processing facility in Colac, Victoria, as well as a boning room and marketing hub in Melbourne.
Warren Scott, lead partner of Holding Redlich, congratulated the Australian Lamb Company on the deal, which will strengthen Colac’s largest employer. Additionally, the acquisition will continue to provide employment and growth opportunities to the broader regional community.
“Holding Redlich is proud to have advised Australian Lamb Company, a true Australian success story, on a transaction that will benefit their customers, partners and staff. At $400 million, the deal’s value reflects ALC’s significant footprint in local and international markets. We are pleased that its 800 staff, including executive management, will continue in the ALC business,” he commented.
“The large scale of this deal and outcome achieved by ALC is an excellent reflection of our firm’s market-leading capabilities and expertise in advising on large international transactions. Congratulations to Warren, Cassie, Elly and our corporate and commercial team on this outcome,” said Ian Robertson, national managing partner of Holding Redlich.