Teys announces transition of ownership to Cargill
Australia, June 4 -- Teys Investments Pty Ltd and Cargill today announced that a wholly owned subsidiary of Cargill has agreed to purchase all of the issued share capital of Teys Investments from the Teys family shareholders. As a result, Cargill will increase its ownership stake to 100% of Teys Australia and Teys USA (Teys), two of the primary operating companies which are currently jointly owned by Teys and Cargill. With a diversified family shareholder base, the Teys family has decided it is the appropriate time to transfer the family's interest to Cargill, a partner shareholder for the past 14 years and global leader in the food and protein industries.The transfer of ownership provides continuity for Teys' people, partners and producers...
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