Learn
Newsletter
Offers
Podcast
About
Pay My Rent
  Back
~
1
min read
· Posted on
February 21, 2024

Sam Kekovich may need to learn Portguese 'cos an Australian lamb company has got new Brazilian owners

Brazil's Minerva Foods has snapped up the Australian Lamb Company.

What's the key learning?

  • The Australian Lamb Ci, generated an EBITDA of $21m on $430m of revenue for the year to June 2021 and it put itself up for sale to capitalise on the soaring global demand for protein earlier this year.
  • Brazil's Minerva Foods has snapped up the Australian Lamb Co. for $400m.
  • Companies that sell protein sources are in very hot demand around the world right dow due to global food shortages caused by the war in Ukraine with Russia.

👉 Background: Australian Lamb Co is a major supplier of lamb to companies like Coles, as well as hotels, resorts, restaurants and butchers.

👉 What happened: For the year to June 2021, it generated an EBITDA of $21m on $430m of revenue. Not behhd at all. Earlier this year,, Australian Lamb put itself up for sale to capitalise on the soaring global demand for protein.

👉 What else: Now, Brazil‘s Minerva Foods has snapped up the Australian Lamb Company for $400m.

What's the key learning?

💡The perfect exit is all about the perfect timing. Companies that sell protein sources are in very hot demand around the world right now.

💡The main reason? The war in Ukraine with Russia is causing food shortages around the world. And the Australian meat processing industry is on fire. In fact, it generates $23.5bn of annual revenue, according to IBISWorld.

💡And with export demand rising dramatically over the past five years, its clear why Australian Lamb put itself up for sale.

‍

Ready to win at money?

Sign up for Flux and join 100,000 members of the Flux family

Sign Up
A button to App StoreGoogle Play store button
Excellent  4.9 out of 5
Star rating
© 2024 Flux Technologies Pty Ltd and Flux Media Pty Ltd
All rights reserved.
Explore
HomeLearnPodcastAboutNewsletterFlux at Work
Offers
Home LoansSavings AccountsBank AccountsShare TradingCar LoansCredit Cards
Support
CareersContact usPrivacy PolicyTerms of Use
Disclaimer: Flux Technologies Pty Ltd (ABN 86 634 507 172) is an authorised representative (Representative No. 525288) of Mozo Pty Ltd who is the holder of AFSL No. 328141. We also provide general advice on credit products under our own Australian Credit Licence No. 530103. The product information presented does not constitute an offer and we are not recommending or suggesting any particular product. Any product advice presented is of a general nature only, and is not to be taken as any sort of advice as it has not taken into account your personal circumstances, objectives, financial situation or needs. Flux may not cover all products available to you. Check out our Credit Guide and Financial Services Guide for more information.

All information contained in the Flux app, www.flux.finance, www.joinflux.com, app.flux.finance and any podcast of Flux Media Pty Ltd (ABN 27 639 804 345) is for education and entertainment purposes only. It is not intended as a substitute for professional financial, legal or tax advice. Flux Media Pty Ltd is the owner of the registered trade mark, 'What the Flux'. While we do our best to provide accurate information on the podcast, we accept no responsibility for any inaccuracies that may be communicated.