Poultry producer Bartter-Steggles is seeking investors to acquire or invest in the business to help fund future growth.
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Already the potential sale of the company has attracted wide interest from private equity firms and trade groups in the sector.
Over the past four years, Bartter-Steggles has focused on trends such as healthier eating, pre-prepared meals and product innovation. The company says its product pipeline is strong with a further 20 new products to be released over the next 18 months.
The CEO, Geoff Frost, said the company's experienced management team had continued to drive improvements across the business. The team, he said, remained focused on accelerating earnings growth and taking the business to its next stage of development.
Bartter-Steggles, with a market share of 26%, supplies Coles, Woolworths, Metcash, Franklins, FoodWorks, Lenards, McDonald's, KFC, Red Rooster, Oporto and Nando's.
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