THE Bishop family’s Kuro Kin Wagyu property at Bunnan in the Upper Hunter has been acquired by the Chinese owners of ‘Glenrock Station’ near Scone.
Making an impact in the region, the buyers are one of China’s largest supermarket and department store retailers.
Dashang Group’s Australian operations are conducted through its entity - Australia Aulong Auniu Wang Pty Ltd (AAAW).
Stud cattle and quality beef has been produced by the Bishop family in the area since 1906. The original property ‘Wootton’ was purchased from James Brindley Bettington as part of Terragong.
For many years, the property was home to the Wootton Poll Hereford stud founded by the late Bill Bishop senior.
Wagyu cattle were introduced 20 years ago, and ‘Kuro Kin Wagyu’ then became a major contributor to the Wagyu beef industry both domestically and internationally.
“We are pleased to announce AAAW has acquired Kuro Kin Wagyu, along with all of its corresponding assets,” Peter Bishop said.
“The Wagyu herd on Kuro Kin has been developed over 20 years and represents some of the best performing genetics available outside Japan to date.
“The management and running of KKW will remain under the same family structure along with its loyal and competent staff.
“AAAW’s acquisition of Kuro Kin Wagyu is clear confirmation of the excellent position Wagyu and the general beef industry is in at the moment in Australia.
“This investment will help boost the growth of our industry and stimulate further investment that will drive the Australian economy, which will create jobs and opportunities in the process.”
The construction of the portfolio has several aims:
- To establish important supply lines of high-quality Australian beef.
- In a country where providence and food security is the number one priority for the consumer, AAAW aims to establish a fully integrated beef supply network in Australia.
This will enable a traceable, clean and green Australian product to be delivered to discerning markets both domestically and overseas.
- AAAW aims to produce Angus cattle for the live export trade into China, along with a high quality Wagyu F1 boxed beef trade. Kuro Kin Wagyu genetics will allow AAAW to have a point of difference when it comes to providing the market with high-end Wagyu beef.
- AAAW’s competitive advantage is its sales distribution network – which no other Chinese company is currently investing in Australia. There are about 300 supermarkets across China with a mature and local customer base.
- AAAW and KKW propose to develop relationships with current and future clients in order to contribute to the supply component of the business.