Alliance Group farmer-shareholders have voted in favour of a proposed $270 million strategic investment by Dawn Meats, one of Europe’s leading red meat processors.

The deal will see Dawn Meats acquire a 65% stake in Alliance, with farmer-shareholders retaining 35% ownership and governance rights.

The vote saw strong participation, with 2,675 shareholders representing over 88% of shares on issue. More than 87% supported the proposal, meeting the required threshold under the Takeovers Code.

Alliance Chair Mark Wynne said the result reflects strong confidence in the company’s future and marks the culmination of a two-year reset and recapitalisation process.

Mark Wynne. Photo: Supplied

.

He described the partnership as a strategic fit, combining Alliance’s lamb expertise and global reach with Dawn Meats’ strength in beef and European market access.

“This investment strengthens our financial position, enhances operations, and preserves farmer ownership,” Wynne said. “It sets a solid foundation for long-term growth and value creation.”

Dawn Meats CEO Niall Browne welcomed the outcome, praising Alliance’s legacy and the opportunity to build a year-round supply chain across hemispheres.

He said the joint venture will create a globally competitive business with shared values and complementary strengths.

Around $200 million of the investment will reduce Alliance’s working capital facility, with the remainder funding strategic capital projects.

Handpicked Beef. Photo: Supplied

Farmer-shareholders will receive up to $20 million in distributions in both FY26 and FY27, split between dividends and supply-based rebates.

An additional $25 million dividend will be paid to the proposed Alliance Investment Co-operative following stronger-than-expected year-end results.

Wynne said the partnership positions Alliance to thrive globally while delivering greater returns to its farmer-shareholders.