SYDNEY, AUSTRALIA — GrainCorp, an Australian agribusiness and processing company, has acquired XF Australia’s (XFA) Performance Feeds and Nutrition Services Australia (NSA) businesses. Financial terms of the transaction were not disclosed.
XFA provides high-quality feed supplement products and expertise in nutritional consulting to Australia’s feedlot and grazing sectors. GrainCorp’s Animal Nutrition business provides over 400,000 tonnes of feed across Australia and New Zealand annually and supplies 300,000 tonnes of canola meal to the animal feed market.
“GrainCorp is excited to welcome the XFA teams into our Nutrition and Energy business and expand our Animal Nutrition offering to Australian producers and customers,” said Robert Spurway, managing director and chief executive officer of GrainCorp. “Performance Feeds and NSA have long been recognized for their expertise in the provision of feed supplements and nutritional consulting services within the Australian livestock industry. Their reputation for excellence aligns seamlessly with GrainCorp’s commitment to delivering high-quality solutions to customers and producers worldwide.”
GrainCorp said the acquisition will grow its provision of molasses-based feed and other supplements to Australian producers and enhance the development of sustainable feed solutions, including Asparagopsis seaweed products.
GrainCorp’s collaboration with FutureFeed, established by the Commonwealth Scientific and Industrial Research Organisation (CSIRO) and other organizations to drive the commercialization of Asparagopsis solutions, aims to tackle methane emissions from ruminant animals, which contribute to greenhouse gas emissions.
“We’re proud to collaborate with the industry in providing a sustainable path forward for Australian livestock farmers, and Performance Feeds and NSA will play a pivotal role in supporting our efforts,” said Jeremy Melloy, head of Animal Nutrition for GrainCorp.
GrainCorp Animal Nutrition brands now include Molafos, Rumifeed, Energo, Performance Feeds, Anipro and WeatherPro, as well as products such as crude molasses and dry feeds.
“After 38 years of success, I wanted to work with a company aligned with our culture and capable of supporting us through our next growth phase,” said Dr. R. Hollis Klett, XFA founder and major shareholder. “GrainCorp’s commitment to service and quality products reassures us that our customers will be well supported into the future.”
