Loading tweets...
Australian poultry supplier Inghams Group has announced plans to buy Bostocks Brothers (BBL), a New Zealand producer of organic poultry, in a deal worth 35.3 million NZD ($21.8 million).
The acquisition is said to include the brand, three freehold farming sites and the main processing plant.
Founded in 2014, BBL has its primary operations in Hastings, on New Zealand’s North Island.
Commenting on the move, Inghams Group CEO and managing director Andrew Reeves said: “With the strong recovery in operational and financial performance of our New Zealand business, this acquisition represents a unique opportunity to further enhance our capabilities, extend our range and advance our plans for the business”.
The deal is expected to be closed by the end of September.
Source: Just Food / Food Processing
