Cargill has merged its Australian beef business with Teys Bros., the country’s second-largest beef processor. The companies have combined their businesses into a 50:50 joint venture, which will trade under the name of Teys Australia – A Cargill Joint Venture. The news follows an announcement in July from the Australian Competition and Consumer Commission (ACCC) that it will not oppose the proposed merger. Cargill operates two abattoirs and a feedlot in New South Wales which supply both the... ...Read more »

Kirin Holdings has announced that it is discussing the prospect of a $51 billion merger with Suntory that would create the world’s fifth largest food and beverage firm and potentially shake-up the beverage sector in Australia. In their statement to the market yesterday Kirin stressed the Suntory discussions were at an “initial stage”. “Nothing has been resolved or reached an agreement at this stage,” they advised. “Kirin will make immediate announcement once anything... ...Read more »

Food and beverage firms Kirin Holdings and Suntory are reportedly in talks regarding a potential multi-billion dollar merger, which could have ramifications on the beverage landscape in Australia. Nikkei English News, citing unidentified people, said the Japanese companies were hoping to reach an agreement by year’s end, with talks between the leaders of the two companies progressing since the end of 2008. Both companies have recently been looking overseas to diversify their portfolios and... ...Read more »