Poultry producer Bartter-Steggles is seeking investors to acquire or invest in the business to help fund future growth.
Read all about it here
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.
Showing posts with label Steggles. Show all posts
Showing posts with label Steggles. Show all posts
Tuesday, January 29, 2008
PEP a front-runner for Bartter-Steggles?
Private equity group Pacific Equity Partners has emerged as a potential buyer of the poultry processor, Bartter-Steggles.
Read all about it here
The Financial Review has been unable to obtain comment from PEP but says the purchase would enable PEP to create a fully integrated Australasian poultry operation suppying retailers, wholesalers and fast-food chains.
PEP controls New Zealand's largest poultry producer, Tegel Foods, and is also one of the biggest users of chicken meat in Australia as the franchisor of KFC.
Bartter-Steggles is a family-owned business with annual sales in excess of $800 million.
The AFR floats the idea that Inghams, the market leader in Australia, could also be interested in the company. More than a dozen potential buyers, including private equity and trade players, have shown interest in acquiring the poultry group.
Read all about it here
The Financial Review has been unable to obtain comment from PEP but says the purchase would enable PEP to create a fully integrated Australasian poultry operation suppying retailers, wholesalers and fast-food chains.
PEP controls New Zealand's largest poultry producer, Tegel Foods, and is also one of the biggest users of chicken meat in Australia as the franchisor of KFC.
Bartter-Steggles is a family-owned business with annual sales in excess of $800 million.
The AFR floats the idea that Inghams, the market leader in Australia, could also be interested in the company. More than a dozen potential buyers, including private equity and trade players, have shown interest in acquiring the poultry group.
Bartter-Steggles seeks investors to accelerate growth
The sale of one of Australia's leading poultry producers, Bartter-Steggles, has attracted interest from private equity firms and trade players from across the sector.
The company has announced intentions to seek investors to acquire or invest in the business to help fund the growth, development and modernization of the business.
Find more details about this story from the Queensland Business Review go here
The company has announced intentions to seek investors to acquire or invest in the business to help fund the growth, development and modernization of the business.
Find more details about this story from the Queensland Business Review go here
Poultry firm Bartter attracts interest
Unlisted poultry firm Bartter Enterprises Pty Ltd says it has attracted interest from both private equity firms and other players in the poultry sector as it looks to sell 100 per cent of its business.
Australia's second largest poultry producer, Bartter owns the Steggles brand, and is looking to become the first Australian family-owned poultry business to be put into private equity hands.
Read all about it here
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