It is with great pleasure that Hancock Prospecting (“HPPL”) confirms the acquisition of “Glendon Park”.
Glendon Park is located in the heart of the New England Tablelands, approximately 40km northeast of Armidale in New South Wales, and covers an area of 3,200 hectares.
Glendon Park will be used to grow the 2GR Wagyu herd, and work in conjunction with the recent acquisitions of HPPL in its pursuit to continue to grow the 2GR Wagyu brand. The Wagyu bred on Glendon Park will be finished and processed in Australia, before being delivered into mainly local and some overseas markets, including the Nobu restaurants in Australia and overseas. HPPL’s current Wagyu herd is approximately 20,000 head across multiple properties and is forecast to continue to expand with ongoing investment such as this.
This acquisition continues HPPL’s and its Chairman Mrs Gina Rinehart’s commitment to invest in regional Australia and grow its agricultural production capabilities, as well as providing opportunities for local suppliers and employment. Mrs. Rinehart founded Australia’s National Agriculture and Related Industries Day, held on November 21st, which this year will see the gala dinner proceeds after costs go to assist drought victims, following Mrs Rinehart’s and David Larkin’s recent 5 day tour of effected by drought properties in Queensland and New South Wales, delivering drought care packages.
Mrs Gina Rinehart, said “Glendon Park is a high quality property that is well located near our existing operations and will support further growth. I am pleased to continue to invest in rural operations that will continue to grow our 2GR Wagyu business to meet the growing demand for our very high quality and delicious 2GR Wagyu beef. We look forward to launching our book, “Things We Love” on National Agriculture Day, with proceeds after printing expense also to assist those suffering from drought.”