S. Kidman & Co
The acquisition of S. Kidman & Co marked a significant milestone for Hancock’s extensive agricultural operations.
The joint venture company, Australian Outback Beef Pty Ltd (AOB), owned 67% by Hancock and 33% by Shanghai CRED Real Estate Stock Co Ltd, acquired 100% of the shares of S. Kidman & Co Ltd (Kidman) in late 2016.
Kidman is an iconic family company, founded by Sir Sidney Kidman in 1899, and is one of the Australia’s largest beef producers with a herd carrying capacity of 171,000 cattle across South Australia, Western Australia, Queensland and the Northern Territory.
Within the Kidman portfolio there are 12 cattle stations (including outstations), a bull breeding stud farm (Rockybank).
Building on the legacy of the legendary Sir Sidney Kidman, a friend and business partner of James Nicholas (Mrs. Rinehart’s maternal grandfather), Hancock and Shanghai CRED are growing the business, investing in innovative technologies to improve business practices and enhance efficiencies and developing new export markets.