Texas ranch sells for $300-million

Nov 03, 2021

In a sale valued at US$240-million (~CDN $300-million), a Texas ranch was sold, including land and industrial assets, featuring 31,000 acres in Milam and Lee counties.

Known as the Sandow Lakes Ranch, the property included the site of the former Rockdale smelter, permanently closed in 2018.

Completed on October 29, 2021, the transaction included improved pasture lands, ag properties and industrial assets, purchased by SLR Property I, LP, an affiliate of a Texas real estate enterprise.

The property was owned and sold by Alcoa Corporation who since purchasing the land, have worked with tenants to create economic development opportunities.

Alcoa received US$230-million in cash, noting that it had taken six years to get to this point after performing significant agricultural land improvements, adding water development and solar components, as well as intermodal, tech and other industrial capabilities that apparently SLR found most agreeable.

Video: New Solution Powers Efficient Pork Growth

Alltech has introduced Olerix, an innovative phytogenic blend created to promote growth and feed efficiency in pigs. Through a proprietary coating process, the bioactive blend of phytogenic compounds used in Olerix is designed to outlast the manufacturing process, ensuring consistent outcomes from feed to finish. The result is a high-impact efficiency solution that provides consistent support for gut health, feed efficiency, immune function and growth performance. Olerix is backed by validated trials conducted under modern pork production conditions.

“As the industry searches for technology to drive profitability forward in a more sustainable manner, we’re thrilled to join that effort with our Olerix technology,” said Mark Hulsebus, general manager for U.S. pork at Alltech. “Our work in this phytogenic space is yielding very encouraging results, and we’re excited to make this new opportunity available to pork producers focused on optimizing feed efficiency and growth rates.”

“Olerix represents the next generation of phytogenic technology — combining feed efficiency, livability and immune support into a practical commercial solution producers can implement today,” said Andy Rash, U.S. monogastric director at Alltech.