LSS grabs Beaufort River Meats
Livestock Shipping Services has bought the Beaufort River Meats abattoir from live exporter Wellard after a previously arranged sale to International Meat Co failed to eventuate.
Wellard confirmed the deal for LSS to acquire BRM was signed on Friday.
International Meat Co was previously headed by an Iranian businessman Mahmoud Parastesh who had been buying up WA abattoirs, but the company failed to settle on the deal to purchase BRM last month.
ASIC documents show Mr Parastesh ceased to be a director of International Meat Co in late January, but the company has settled on other WA facilities, including Gingin Abattoir, Geraldton Meat Exports, and the former Clover Meatworks at Waroona, previously owned by Gina Rinehart.
All the facilities had been mothballed and considerable capital had been put into getting the Gingin abattoir operational, though it has not yet started working. International Meat Co had also started negotiations with Goodchild Abattoirs at Australind, which went into administration in August, but that sale has also not settled.
Mr Parastesh had previously announced the full portfolio would be sold to an United Arab Emirates company, to settle on March 12, after receiving an attractive unsolicited offer, but has since gone silent on the arrangement and declined to comment when contacted.
LSS, which also owns Hillside Meat Processors at Narrogin, is understood to have paid about $8million for Beaufort River Meats, a similar price to that initially arranged with International Meat Co.
LSS livestock manager Harold Sealy said BRM, which processes about 2000 sheep daily for export markets, would be run as a going concern once the deal had settled, continuing to service and supply the abattoir’s existing customers.
All staff at the Beaufort River abattoir would transfer to LSS, he said.
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