Related topics: Industry & Markets, Financial, Australia
Australia’s largest integrated poultry producer is up for sale. Inghams Enterprises, which has been in operation since 1918 and generated sales of over AU$2bn in 2012, has been put on the market by Bob Ingham, the company’s sole shareholder.
Investec Bank (Australia) has been appointed to find a suitable buyer from a range of potential bidders, a process which is expected to take several month, and Inghams will continue to operate under CEO Kevin McBain.
Ingham said his family had endorsed his decision to sell, which marks “the next phase for the successful ongoing development of the company”.
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