Kilcoy has outlined its intentions to stage an IPO in New York, and the meat group, based in Australia, has been looking to take advantage of expanding demand for protein goods in the US and also in Asia. The investor-owned Aussie group has been operating in Australia, the US and China and supplies customers in more than 40 countries with what they call fresh, natural, healthy and convenient meat products.
It has a protein-oriented portfolio, which consists of brands such as Kilcoy Diamond, Ebony Black Angus, Carrara Wagyu, Jade Pure Wagyu, Kilcoy Nutrition, Hardwick’s Lamb and Beef, Ruprecht and TruVida.
Kilcoy, in a document filed with the US Securities and Exchange Commission, said it will use proceeds of the IPO to make acquisitions or strategic investments, increase its own capacity, digital transformation and automation, and as general corporate expenses.
Kilcoy, which is based in Queensland, is trying to list on the Nasdaq stock exchange in America, under the ticker symbol KGF, its American depositary shares. The China-based Hosen Capital, which is a private equity firm, supports it.
Underwriters Citigroup and Morgan Stanley have made the offering.
Kilcoy facilities
Kilcoy has eight facilities located in Australia, the US and China in these markets, but it also delivers its products in Japan and South Korea.
According to the regulatory filing of 16 June 2014, the firm registered revenue of $2.19 billion in the year ended 31 December, which is 17.3% higher than the preceding year.
EBITDA grew by 43.5 percent to \$137.7 million, and net income increased by 74 percent to \$60.4 million.
In the first quarter of 2025, its revenue increased 5.8 percent to 514.2m. The EBITDA was increased by nearly twice to $27.3m compared to $13.8m. There was a tremendous increase in net income: it went up to 6.8 m compared to $51,000.
Kilcoy has been able to grow via several acquisitions.
In 2014, Kilcoy Global Foods acquired Ruprecht Co. in the US, followed by the acquisition of Weidao Foods in China the next year. In 2019, the company also acquired Greenswift in China. In 2021, it purchased Hardwicks, a grass-fed beef processor in Australia, and in 2022, it bought another plant in Lance Creek, Victoria.
The Kilcoy group moved to expand its operation last October by acquiring an Australian burger factory owned by the US meat giant Tyson Foods.