PRN: Inghams Prepares for Sale

16/lug/2012 05:34:21 PR Newswire Turismo Contatta l'autore

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Inghams Prepares for Sale


SYDNEY, July 16, 2012 /PRNewswire/ -- Bob Ingham, the long standing and sole shareholder of Inghams Enterprises Pty Ltd has, after long and careful consideration, decided to sell the 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.

Bob's family have endorsed his decision and are also proud to have their name associated with the largest integrated poultry business in Australasia.

The day-to-day operations of Inghams will continue as usual under the direction of the CEO Kevin McBain and his team.

Investec Bank (Australia) Limited has been appointed to manage the process of identifying a suitable buyer for Inghams from a broad range of potential bidders. The Investec managed process is expected to take several months.

Inghams is, as always, committed to growing the business and continuing to offer its customers the highest levels of quality and service.

About Inghams
Inghams Enterprises Pty Ltd was founded in 1918 and is Australasia's largest integrated poultry producer with sales of over A$2bn in 2012. Inghams has state-of-the-art production and processing facilities throughout Australia and New Zealand and produces a wide range of fresh and further processed chicken and turkey products, as well as being a leading producer of animal stockfeeds.

Issued by Quay Communications on behalf of Inghams Enterprises Pty Limited

For further information about this announcement, please contact:

Colin Young
Managing Director
Investec Bank (Australia) Limited
Tel: +61-2-9293-2466

Media Inquiries:
Emma Norgrove
Quay Communications
Tel: +61-499-688-001

Cheryl Pettinau
Quay Communications
Tel: + 61-424-157-714

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