SYDNEY, Australia – Bob Ingham, the sole shareholder of Inghams Enterprises Pty Ltd, announced he will sell his integrated poultry business.
Investec Bank (Australia) Limited was appointed to find a suitable buyer for the company. The process is expected to take several months. Meanwhile, Kevin McBain, chief executive officer of Inghams, will direct daily operations, the company said.
Inghams Enterprises is an integrated poultry producer that was founded in 1918, according to the company. Inghams recorded sales of A$2 billion ($2.05 billion) in 2012 and has production facilities throughout Australia and New Zealand. The company produces a variety of fresh and further processed chicken and turkey products in addition to animal stockfeeds.