Regional Livestock Exchanges’ complete transition and begin next phase of improvements

Regional Livestock Exchanges (RLX) today announced that the process to bring management and other services for RLX in-house has been completed and, with full control now in place, will begin the next phase of improvements at its sites.

Regional Livestock Exchanges develop and operate a network of eight sheep and cattle saleyards across Victoria, New South Wales and Queensland, which are an essential component of the livestock supply chain and have an important place in regional communities.

RLX wishes to thank agents, and everyone involved with its sites, for their support and feedback during this transition period. Thanks also go to AAM Investment Group Pty Ltd for its support over this time.

While no sale days were missed since the transition period announced in September – providing an important level of continuity for agents, service providers, buyers and vendors – the focus now moves to how we can improve operations for the benefit of site users.

As a market-leading provider of saleyard services across the Australian east coast, RLX will continue to invest in technology, site infrastructure and new saleyard facilities to improve animal welfare, increase efficiency of operations, and provide a better experience for everyone involved.

With a growing regional economy and favourable market conditions, RLX will continue to look for opportunities to expand the business as investors seek high quality assets in which to invest.

Quotes attributable to Roger Lloyd, Chairman of RLX:
“I am delighted that we met the goal we set when deciding to bring management services in-house and have been successful in not missing a sale day during the transition period. I thank all our partners and users of our sites, and especially the RLX team, for the excellent outcome they have delivered.”

“The future of RLX is bright, as it is for the whole agricultural industry, and I look forward to the benefits RLX can bring to all involved.”

Quotes attributable to Brett Freer, CEO of RLX:
“Across all RLX sites that I have visited since starting as CEO in November I have been impressed with the facilities and services we offer and the important role each site plays in its local community.”

“I am keen that the RLX team does not rest on our laurels and instead continues to improve our facilities and services for the benefit of our agents, farmers, local communities, and the world-class Australian agricultural industry.”