Tuesday, 17 July 2012

Liverpool. Inghams Enterprises for sale

Inghams Enterprises Pty Ltd, based in Liverpool, is on the market and expected to fetch $1.6 billion to $1.8 billion. Bob Ingham, 81, and the late Jack, his brother, started in the chicken business after their father, Walter, died in 1960. They built the chicken business to become one of Australia's biggest with an annual turnover of more than $2 million. It has some 30 per cent of the domestic market. Likely buyers include large offshore private equity firms and some of the world’s biggest agricultural producers, according to The Australian Financial Review. The company has facilities in Australia and New Zealand and employs more than 9000 people in more than 100 locations.

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