Ridley Finalises A$22M Sale of Wasleys Feedmill to Baiada Group

Ridley’s Strategic Asset Sale

On June 30, 2025, Ridley Corporation Limited officially completed the sale of its Wasleys Feedmill located in South Australia to the Baiada group of companies. The transaction, valued at A$22 million, was carried out through Ridley’s wholly owned subsidiary, Ridley Agriproducts Pty Ltd. This move follows Ridley’s initial announcement of the sale on April 16, 2025, signaling a deliberate step in reshaping its asset portfolio.

Implications for Ridley and Baiada

The divestment of the Wasleys Feedmill represents a notable shift for Ridley, a company deeply entrenched in the animal feed production sector. By offloading this asset, Ridley may be aiming to streamline operations or reallocate capital towards other growth areas or core business segments. For Baiada, a significant player in the poultry and meat processing industry, acquiring the feedmill could enhance vertical integration and supply chain control, potentially improving operational efficiencies.

Transition and Stakeholder Support

Ridley expressed gratitude towards Baiada, as well as its own customers, suppliers, and employees, for their cooperation during the ownership transition. Such acknowledgments underscore the importance of maintaining strong relationships and operational continuity amid ownership changes. While the announcement did not detail the immediate operational or financial impacts on Ridley, the smooth handover suggests a well-managed process.

Looking Ahead

Investors and market watchers will be keen to observe how Ridley reallocates the proceeds from this sale and whether further asset rationalisations are on the horizon. Meanwhile, Baiada’s integration of the Wasleys Feedmill will be closely monitored to assess potential synergies and growth opportunities within the competitive agricultural sector.