business / news / / Australian Broadcasting Corporation
Australia's largest organic meat producer, Hewitt, has entered into an agreement to buy Nolan Meats, a family-owned meat processing business in south-east Queensland.
Hewitt has entered an agreement to acquire Nolan Meats, pending regulatory approval by 2026.
KEY POINTS
- Nolan Meats rejected international offers, choosing a sale to Australian-owned Hewitt for undisclosed terms.
- Terry Nolan will join Hewitt's board as part of the Nolan Meats transition.
- Hewitt's access to foreign investment will provide expansion capital previously unavailable to the Nolan family business.
- Nolan Meats will continue operations in Gympie with no immediate changes during the transition process.
COMPANIES
Summarized by Newsio from Australian Broadcasting Corporation. How we summarize →