Starzen completes acquisition of Australian cattle fattening farm

Starzen Co., Ltd. (TSE: 8043) announced the completion of its acquisition of shares in Yorkrange Pty Ltd, an Australian company involved in cattle fattening farm operations, as of April 7, 2025. This move, initially disclosed on December 4, 2024, aims to bolster Starzen's supply chain and enhance the quality of its beef products through improved animal feed and fattening methods. The acquisition involves 100 shares of Yorkrange, giving Starzen 100% of voting rights. The total acquisition cost is estimated at AUD 59.4 million. Yorkrange Pty Ltd, now a subsidiary of Starzen, wholly owns Broad Water Downs Pty Ltd, which is involved in fattening, breeding and farming operations. Starzen anticipates a minimal impact on its consolidated earnings for the current fiscal year.