Consolidated Pastoral finalises Bunda Station purchase

Consolidated Pastoral Company (CPC), Australia’s largest privately owned beef producer, has completed the acquisition of Bunda Station in the Victoria River District, Northern Territory.

Founded as part of the famed Inverway Station in 1894, Bunda has been owned by the Underwood family since 1956.

The 178,800 hectare breeding and growing station currently runs in excess of 13,000 Brahman and Charbray infused cattle, including a 2,000 head purebred Brahman stud.

"Bunda Station has considerable development potential to run additional cattle that CPC will develop," said Troy Setter, chief executive of CPC.

“Our 28 year ownership of neighbouring station Kirkimbie gives us great confidence in the opportunity to apply our operational expertise at Bunda to further improve productivity and extract synergies and optimise performance from the merger of the two stations.

“This acquisition strengthens our portfolio in the north of Australia, the gateway to the rapidly expanding Asian markets. CPC and our owner Terra Firma see considerable opportunities across the beef value chain. We will continue to look at value-adding acquisitions which will allow us to expand grazing capacity as we continue to transform CPC from a farm-gate producer to a vertically integrated, customer-focussed business.” 

CPC runs approximately 360,000 cattle over 19 properties, covering more than 5.6 million hectares which represents around 0.75% of Australia’s land mass.