Latest news with #KilcoyGlobalFoods
Yahoo
17-06-2025
- Business
- Yahoo
Aussie meat group Kilcoy files for US IPO
Kilcoy Global Foods has set out plans for an IPO in New York, with the Australia-based meat group eyeing growing demand for protein products in the US and in Asia. Operating across Australia, the US and China, the investor-backed Aussie group supplies 'fresh, natural, healthy and convenient' meat products to customers in over 40 countries. Its protein-focused portfolio includes brands like Kilcoy Diamond, Ebony Black Angus, Carrara Wagyu, Jade Pure Wagyu, Kilcoy Nutrition, Hardwicks Lamb & Beef, Ruprecht, and TruVida. Kilcoy said in a filing with the US Securities and Exchange Commission that it intends to use the IPO proceeds for "potential strategic investments and acquisitions", capacity growth, digital transformation and automation, and general corporate purposes. Queensland-based Kilcoy is seeking to list its American depositary shares on the Nasdaq stock exchange under the ticker symbol KGF. It is currently backed by China-based private-equity firm Hosen Capital. Citigroup and Morgan Stanley have been appointed as underwriters for the offering. With eight facilities spread across Australia, the US and China, Kilcoy operates in those markets along with Japan and South Korea. For the year ended 31 December, the company posted revenue of $2.19bn, marking a 17.3% increase from the previous year, as stated in the regulatory filing dated 16 June. EBITDA rose 43.5% to $137.7m, while net income jumped 74% to $60.4m. For the first quarter of 2025, revenue rose 5.8% to $514.2m. EBITDA almost doubled to $27.3m from $13.8m. Net income soared from $51,000 to $6.8m. Kilcoy has expanded through a number of acquisitions. Ruprecht Co. in the US was bought in 2014 and then Weidao Foods in China the following year. In 2019, Greenswift, also in China, was added to the group. In Australia, grass-fed beef processor Hardwicks was acquired in 2021 and KGF purchased another facility in Lance Creek, Victoria, the next year. Last October, Kilcoy expanded its operations by acquiring an Australian burger factory owned by US meat giant Tyson Foods. "Aussie meat group Kilcoy files for US IPO" was originally created and published by Just Food, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Bloomberg
16-06-2025
- Business
- Bloomberg
Beef Processor Kilcoy Files for US IPO Showing Rising Profit
Kilcoy Global Foods Ltd. filed early Monday for an initial public offering in the US, to capitalize on the fast-growing appetites of both US and Asian consumers for prepared protein-based foods. The processor of meats and seafood, along with some of its shareholders, plan to sell American depositary receipts according to a US Securities and Exchange Commission filing. Kilcoy traces its roots to Australia in 1953 and was acquired in 2013 by a fund affiliated with Chinese agriculture giant New Hope Group.
Yahoo
16-06-2025
- Business
- Yahoo
Kilcoy Global Foods discloses profit surge in US IPO filing
(Reuters) -Kilcoy Global Foods, which supplies protein-based food products, disclosed a 74% jump in annual profit in its filing for a U.S. initial public offering on Monday, joining a host of companies trying to take advantage of a renewed interest for new listings. The U.S. IPO market has seen some eye-popping debuts in recent weeks, fueling hopes of a steady revival after a dry spell triggered by uncertainties over President Donald Trump's tariff policies. Australia-based Kilcoy's total revenue for 2024 rose nearly 17% to $2.2 billion, according to the regulatory filing. It also posted a net income of $60.4 million during the period, compared with $34.7 million a year earlier. Kilcoy's IPO filing follows a stellar Nasdaq debut of Chinese tea chain Chagee earlier this year. The company plans to use a portion of the IPO proceeds for acquisitions, expanding production capacity and accelerating digital transformation and automation. Kilcoy, which sources high-quality fresh proteins and uses advanced processing methods to preserve both taste and nutrition, has a strong presence in Australia, the U.S., China, Japan and South Korea. It operates eight advanced production facilities across the world and serves more than 1,500 foodservice and retail accounts. The company is aiming to list American depositary shares on the Nasdaq under the symbol "KGF". Citigroup and Morgan Stanley are the underwriters for the offering. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
29-04-2025
- Business
- Business Wire
DecisionNext and Kilcoy Global Foods Renew and Expand Strategic Partnership in Multi-Year Agreement
SAN FRANCISCO--(BUSINESS WIRE)-- DecisionNext, the leading AI platform that enables companies to optimize the buying or selling of commodities at the best possible time and price, today announced that it has expanded its strategic partnership with major Australian agriculture customer, Kilcoy Global Foods. This new multi-year agreement represents another significant milestone for DecisionNext and reinforces its leadership in AI-driven forecasting and price optimization for global food companies. 'Renewing our partnership with DecisionNext is a strategic move that reinforces Kilcoy's commitment to leading through innovation," said Jiah Falcke, Kilcoy Global Foods President. Share By combining machine learning with human expertise, the DecisionNext platform empowers Kilcoy to make faster, more confident decisions in complex, commodity-influenced markets. This renewal validates the long-term business value the platform delivers and reinforces Kilcoy's commitment to innovation and data-driven decision making. "Renewing our partnership with DecisionNext is a strategic move that reinforces Kilcoy's commitment to leading through innovation. Their platform gives us powerful, real-time insights that sharpen our decision-making and keep us agile in a volatile market,' said Jiah Falcke, Kilcoy Global Foods President. "As we expand globally, DecisionNext is a key part of how we stay competitive and ahead of the curve.' This phase of the partnership is focused on embedding AI into more corners of Kilcoy's global business – not just as a forecasting tool, but as a decision-making framework that supports long-term growth and operational excellence across the organization. "This expanded partnership with Kilcoy is a strong endorsement of the impact DecisionNext is making across the global protein industry. We're not just delivering forecasts – we're transforming the way businesses make critical decisions," said Rohit Aggarwal, DecisionNext COO. "By combining AI with human expertise, we're helping teams move faster, act smarter, and stay ahead. Kilcoy is setting the pace for what's possible, and we're proud to be at their side for the next phase of growth.' The DecisionNext and Kilcoy Global Foods collaboration sets a new benchmark for how modern protein companies can embed AI in their daily operations – moving from manual decision-making to scalable, forward-looking forecasting and pricing. A significant value lies in enabling the conversation between data science-driven insights and human expertise – and this partnership empowers teams to have that conversation with confidence. About Kilcoy Global Foods For more than 70 years, Kilcoy Global Foods has been providing exceptional brands and products. The global food business now has five world-class facilities in Australia as well as large-scale operations in North America and China. It's Kilcoy's commitment to innovation and investment in technology that really sets it apart, leading the industry with new ways of working, being early adopters, and pushing the boundaries, all driven by a passion to continuously improve. Having doubled the size of its business twice in the last five years, Kilcoy Global Foods is on a high-growth trajectory as they continue to deliver food the world loves to eat. About DecisionNext DecisionNext is the leading AI platform for helping companies buy and sell commodities at the best times, with the best formulas, at the best prices. The company has revolutionized how commodity price and supply forecasting supports business decisions, and offers the only platform that incorporates users' expertise and up to the moment insights into the process. Its global customer base includes providers in meat & agriculture, mining & natural resources and other commodity industries, including major brands like Johnsonville and Sysco. For more information, visit
