Private-equity group buys Inghams

by Meat&Poultry Staff
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SYDNEY, Australia – TPG, a global private-equity firm, had the winning bid for Inghams Enterprises Pty Ltd, Australia's largest poultry producer, according to news reports.

The deal is worth an estimated A$900 million ($921 million). Inghams Enterprises is an integrated poultry producer that produces a variety of fresh and further-processed chicken and turkey products in addition to animal stockfeeds. The company recorded sales of A$2 billion ($2.05 billion) in 2012 and has production facilities throughout Australia and New Zealand.

Bob Ingham, the sole shareholder of Inghams Enterprises, announced in July 2012 that he was ready to sell his business.

“My decision marks the next phase for the successful, ongoing development of the company and is one that I, as sole shareholder, have considered for a number of years,” he said at the time.

TPG manages $54.5 billion of capital, according to the company's web site. Its portfolio of more than 200 companies includes Burger King, Del Monte Foods and Beringer Wine Estates Holdings.

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