The purchase comes after T&R's recent acquisition of 50 per cent of Foodcomm International.

Previously owned by the Jackson Family, CFA processed lamb, mutton and goat for domestic and global trade and ran two abattoirs in Tamworth, New South Wales, and Wallangarra, Queensland.

CFA also operates Country Fresh Nationwide, Coffs Harbour, that supplies the eastern Australian domestic market.

CFA has offices domiciled in the USA and China and is headquartered in Armidale, NSW.

T&R chief executive officer Darren Thomas said the acquisition was a good fit for the company strategically, giving it further access to the farmers and livestock markets of NSW and Qld.

"We are looking forward to building on the successes that the Jackson family have achieved over many decades," he said.

“T&R are under no illusion that the processing sector will encounter tough times as the flock rebuilds, and there is no doubt that the industry is going through structural change at the moment, but T&R is excited about the opportunities that lay ahead. The acquisition displays great commitment to rural Australia in a time when processing plants are closing.”

The sale is subject to all regulatory approvals.