Colliers International seeks expressions of interest for Meningie Fodder
Leading South Australian stock feed manufacturer, Meningie Fodder, has come to market for the first time in more than 30 years, as agriculture enterprises across the country gain momentum.
Colliers International’s Tim Altschwager and Jesse Manuel have been appointed to the expressions-of-interest campaign, saying they anticipated enquiry from existing stock feed manufacturers, grain growers looking to value-add their produce, agribusiness investors and other land users.
“Meningie Fodder is an established eight-person business with an annual turnover of more than $6million so we’re expecting this to be a particularly competitive campaign,” Mr Altschwager said.
“What started decades ago, simply supplying stock feed to dairy farms around the Lower Murray and Lakes areas, has expanded to distributing a wide range of stock feeds throughout South Australia and the western districts of Victoria.”
The business manufactures premium quality stock feed blends for dairy, beef, sheep and goats, complete chicken feed and complete show feed for all classes of livestock. It also specialises in grain trading, packaging plants and industry/school training.
“Meningie Fodder is well known throughout the stock feed industry for its high level of service and professional staff, who are able to provide reliable, accurate service and technical support for all of their products,” Mr Altschwager said.
“The business has incorporated a comprehensive quality-assurance program called FeedSafe, which is backed by the Stock Feed Manufacturers Council of Australia, having recognised that consistently delivering high-performance outcomes is the result of quality products that always meet client requirements.”
The property is about 150 kilometres south east of Adelaide and comprises about 100 acres of arable land fenced into paddocks, dedicated stock yards, an office complex, feedlot/research facility, sheds, weighbridge, silos and ample water storage.
Mr Manuel said South Australia’s stock feed industry was dependent on the annual grain harvest, with the state’s grain growers producing more than 7.2million tons annually, at a farm gate value of about $1.6billion.
“Having a reliable supply of grain is made easier for Meningie Fodder due to its long-term relationships with growers and grain traders,” he said.
“The business secures grain from all over South Australia and Victoria’s Mallee region.”
Mr Altschwager said the Meningie Fodder enterprise was well placed for solid return on investment, with agriculture gaining momentum as the mining sector declined.
“The need for high-quality stock feed will only continue as demand for beef, sheep and goat rises and prices remain buoyant,” he said.
“Meningie Fodder presents buyers with a great opportunity to acquire a well-established and accredited stock feed manufacturing business with scope for expansion.”