{"id":259395,"date":"2025-11-03T09:21:14","date_gmt":"2025-11-03T09:21:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/259395\/"},"modified":"2025-11-03T09:21:14","modified_gmt":"2025-11-03T09:21:14","slug":"sale-of-was-yeeda-pastoral-company-near-broome-completed-nt-abattoir-tipped-to-reopen-in-2026","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/259395\/","title":{"rendered":"Sale of WA’s Yeeda Pastoral Company near Broome completed, NT abattoir tipped to reopen in 2026"},"content":{"rendered":"

Two large-scale meatworks are set to reopen in northern Australia, with the sale of the Kimberley Meat Company now complete and a deal for Darwin’s dormant abattoir edging closer.<\/p>\n

Embattled cattle enterprise Yeeda Pastoral Company and its subsidiaries, including the Kimberley Meat Company (KMC), have been sold to TLP4 Australian Holdings, a subsidiary of Canadian government-owned investment fund Alberta Investment Management Corporation.<\/p>\n

TLP4 entered into a Deed of Company Arrangement<\/a> to acquire the business in August last year, following Yeeda’s entry into voluntary administration<\/a>.<\/p>\n

\"A<\/p>\n

Yeeda had the only abattoir in northern Western Australia until it closed in February 2024. (ABC: Andrew Seabourne)<\/p>\n

Located about 100 kilometres east of Broome, the Kimberley Meat Company was once the only abattoir in northern Western Australia.<\/p>\n

It opened in 2016 to process local cattle but was mothballed in 2021 amid record-high cattle prices and tight supply before finally closing in February 2024.<\/p>\n

By the time it shut its doors, Yeeda Pastoral Company \u2014 which controls Yeeda Station and Mount Jowlaenga Station as well as KMC \u2014 was more than $100 million in debt<\/a> and facing allegations of serious animal welfare and environmental noncompliance<\/a>.<\/p>\n

Yeeda’s administrators, KordaMentha, confirmed on Monday that the $55 million sale to TLP4 Australian Holdings was completed on Friday.<\/p>\n

\"A<\/p>\n

Northern meat producers may have new options to process cattle after commercial deals. (ABC News)<\/p>\n

Northern Territory abattoir close to sale<\/p>\n

The development comes as a large-scale Northern Territory abattoir, Livingstone Beef, which ceased processing in 2018<\/a>, is expected to be sold within weeks.<\/p>\n

David Williams, chairman of investment bank Kidder Williams, which is overseeing the Livingstone sale, said the outlook for northern meat processing had looked “fairly dire” until now.<\/p>\n

“I imagine that [Kimberley Meat Company] will be fully operational sometime in the second half of calendar year 2026,” he said.<\/p>\n

“I think Livingstone itself \u2026 will be sold in the next few weeks and therefore also open in calendar year 2026.<\/p>\n

“That will give north-end cattle producers, whether they’re up in the Kimberley or closer to Darwin, two clear alternatives for having their meat processed.”<\/p>\n

\"An<\/p>\n

Canadian investment company AIMCo has completed the takeover of Yeeda Pastoral Company, which controls Yeeda and Mt Jowlaenga stations and the Kimberley Meat Company, east of Broome. (Supplied: Elders)<\/p>\n

Without the major local abattoirs, many northern producers have had to truck animals thousands of kilometres south to Gingin, Perth or even Victoria for processing \u2014 a costly exercise that also raised animal welfare concerns.<\/p>\n

Mr Williams said having operational plants in the north would become even more important if the federal government decides to phase out live cattle exports.<\/p>\n

“Even if the government is hell-bent on stopping that live trade, and I hope they are not, but if they are, they have a moral responsibility to encourage processing in the north of Australia,” he said.<\/p>\n","protected":false},"excerpt":{"rendered":"Two large-scale meatworks are set to reopen in northern Australia, with the sale of the Kimberley Meat Company…\n","protected":false},"author":2,"featured_media":259396,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[34443,90722,64,63,24513,99,13331,152817,152814,7134,45433,152816,45,152815,152813],"class_list":["post-259395","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-abattoir","tag-aimco","tag-au","tag-australia","tag-broome","tag-business","tag-cattle","tag-kimberley-meat","tag-kimberley-meat-company","tag-sale","tag-sold","tag-tlp4-australian-holdings","tag-wa-news","tag-yeeda","tag-yeeda-pastoral-company"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/259395","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=259395"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/259395\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/259396"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=259395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=259395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=259395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}