Two of Queensland's biggest beef giants, Acton Land and Cattle Company and Australian Country Choice (ACC) have joined forces in a major new joint venture.
Speaking to Queensland Country Life this morning, ACC CEO David Foote said the joint venture would be named Australian Cattle and Beef Holdings.
The deal will see ACC lease a large chunk of the Acton family’s prestigious beef property portfolio including Barkly Downs, Millungera, Croydon, Rugby Run, Moray Downs and Iffley.
The deal does not include the Acton’s home property, Paradise Lagoons, which will host its annual campdraft next week.
The Acton property portfolio was built up by founders, the late Graeme Acton and his brother Evan, and is one of Queensland’s largest beef operations supplying beef to export and domestic markets.
ACC owns a large number of properties and feedlots across western and southern Queensland including the Brindley Park Feedlot north east of Roma.
The new joint venture looks set to make Australian Cattle and Beef Holdings a major player in the Australian beef industry and one of the world’s largest vertically integrated beef supply chain organisations.
With a current herd of over 135,000 head of cattle, including 70,000 breeders, the joint venture will be run as a standalone business.
Ben Dwyer from ACC has been appointed as the inaugural chief operating officer.