17 Jul 2012

Ingham up for sale

7:06 am on 17 July 2012

Australia's largest poultry producer, Ingham, has appointed the investment bank, Investec, to sell the business.

Food manufacturers are highly sought after by private equity and other Asian buyers in the past two years, due to resilient sales and solid cashflows, despite a slowing economy.

Affinity Equity Partners of Hong Kong bought Tegel Foods in New Zealand from Pacific Equity Partners last year.

Bob Ingham, the sole shareholder of Ingham Enterprises, says he has decided to sell the business after long and careful consideration.

The company has annual sales of $A2 billion.