King Ranch®, Inc. Announces Strategic Investment into Cobalt Cattle
Summary
“We are excited about this opportunity and what it means for King Ranch’s long-term commitment to the beef industry,” said Robert Hodgen, CEO of King Ranch, Inc. “Cobalt Cattle is a clear leader in the cattle feeding sector with a highly seasoned and experienced management team. We look forward to leveraging our combined industry expertise while upholding our shared commitment to the highest standards of excellence.” The acquisition represents the next step in King Ranch’s long-term strategic vision to participate throughout various sectors of the beef industry, fortifying the entire value chain. Those same Santa Gertrudis genetics, crossed with Red Angus for over three decades, are uniquely bred to thrive in the harsh South Texas climate while delivering the high-quality, consistent eating experience that consumers have come to expect from U.S. beef. AGR Partners is a specialist food and agribusiness investor that provides long-term capital to grow industry leaders. In addition to establishing a ranching dynasty, the Company, still privately held by King’s descendants, has diversified into other agribusiness segments as well as real estate and natural resource management.