Saudi Arabia’s SALIC, Brazil’s Minerva Buy Australian Lamb Company for about $260 Mln

SALIC and Minerva Foods announce the acquisition of the Australian Lamp Company. (SALIC)
SALIC and Minerva Foods announce the acquisition of the Australian Lamp Company. (SALIC)
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Saudi Arabia’s SALIC, Brazil’s Minerva Buy Australian Lamb Company for about $260 Mln

SALIC and Minerva Foods announce the acquisition of the Australian Lamp Company. (SALIC)
SALIC and Minerva Foods announce the acquisition of the Australian Lamp Company. (SALIC)

The Saudi Agricultural and Livestock Investment Company (SALIC), owned by the Saudi Public Investment Fund, and Brazilian meatpacker Minerva has acquired the Australian Lamb Company (ALC) for 970 million riyals ($258 million), SALIC said in a statement on Friday.

The acquisition was done through Minerva Foods Australia, a joint venture established last year between SALIC and Minerva Foods, SALIC said.

According to a securities filing, following the deal Minerva will hold about 15% of the lamb and sheep market in Australia, where it already owns Shark Lake and Great Eastern Abattoir.

"We believe the consolidation of our operations in Australia, the investments in improving facilities and maximizing operational and commercial structures would bring significant synergies in the coming months," Minerva said.

Australian Lamb Company has a slaughtering capacity of 3.78 million animals per year and owns two processing plants in the state of Victoria, Minerva noted, adding that exports account for 93% of its sales.

"The acquisition of ALC in partnership with Minerva Foods is in-line with SALIC's strategy to contribute to the national food security objectives through global diversified investments in countries with competitive advantage such as Australia," Sulaiman Al Rumaih, CEO of SALIC group said.

The Brazilian company expects the deal to improve its penetration in niche markets and expand its portfolio of products with greater added value.

SALIC, which was formed in 2011 to secure food supplies for the Kingdom through mass production and foreign investments, owns 31% of the share capital of Minerva.



Saudi-European Partnership Launched between SIDF Investment and Investindustrial  

Officials at the signing ceremony between SIDF Investment Company and Investindustrial Group. (SIDF Investment Company) 
Officials at the signing ceremony between SIDF Investment Company and Investindustrial Group. (SIDF Investment Company) 
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Saudi-European Partnership Launched between SIDF Investment and Investindustrial  

Officials at the signing ceremony between SIDF Investment Company and Investindustrial Group. (SIDF Investment Company) 
Officials at the signing ceremony between SIDF Investment Company and Investindustrial Group. (SIDF Investment Company) 

In a significant step toward strengthening Saudi Arabia’s industrial capabilities, SIDF Investment Co., the financial arm of the Saudi Industrial Development Fund, signed a strategic partnership agreement with European private equity firm Investindustrial on Tuesday.

The alliance aims to attract global institutional capital and advanced industrial expertise to the Kingdom, reinforcing its position as a regional hub for high-value-added manufacturing.

Fahad Al-Naeem, CEO of SIDF Investment Co., described the agreement as a pivotal new chapter in the firm’s investment strategy.

“This partnership with Investindustrial is designed to connect niche industrial specializations and operational know-how with global markets,” he said. “It will support Saudi Arabia’s industrial ecosystem and empower the Kingdom to become both a regional and international platform for manufacturing growth.”

Al-Naeem added that SIDF Investment would leverage its deep local market knowledge to smooth the entry of global manufacturers into Saudi Arabia and integrate them into international supply chains.

Investindustrial Chairman Andrea Bonomi expressed confidence in the alignment between the firm’s investment portfolio and Saudi Arabia’s Vision 2030 goals. “Many of our investments are well positioned to support the Kingdom’s strategic ambitions, creating long-term partnerships and delivering sustainable value,” he said.

The agreement was signed in the presence of Prince Sultan bin Khalid bin Faisal, Vice Chairman of SIDF Investment Company, and Italy’s Ambassador to Saudi Arabia Carlo Baldocci.

According to the Saudi Press Agency (SPA), Investindustrial currently manages more than $19 billion in assets and operates across eight global offices. The firm specializes in medium-sized companies, focusing on sustainable value creation and international expansion.

This partnership reinforces the objectives of Saudi Arabia’s National Industrial Strategy and Vision 2030, both of which seek to position the Kingdom as a global center for advanced manufacturing and integrated supply chains.

The collaboration will focus on joint investments to localize advanced industries within the Kingdom, while enabling Saudi small and medium enterprises (SMEs) to tap into global value chains managed by Investindustrial.

Key sectors targeted by the agreement include machinery and equipment, automation, medical devices, food production, and sustainable consumer goods. The goal is to maximize local added value, stimulate innovation, and enhance competitiveness across the Saudi industrial landscape.

This move is expected to accelerate industrial transformation in the Kingdom, paving the way for increased foreign investment, job creation, and greater integration with international markets.