Allegro Funds Buys Majority Of Australian Pork Processor Be Campbell 

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Australian pork processor BE Campbell has seen a alteration successful its ownership structure, pinch backstage equity patient Allegro Funds acquiring a mostly liking successful nan company.  

The financial specifications of nan transaction were not disclosed. 

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BE Campbell, a family-owned business based successful Sydney, employs complete 750 individuals and has a nationwide presence. 

In a statement, nan parties confirmed nan Campbell Family will support a “significant stake” successful nan company.  

The family will besides proceed to beryllium progressive successful nan management, overseeing nan regular operations of nan business. 

BE Campbell markets its products nether nan Bruemar and BE Family brands.  

Ted Campbell, nan company’s chairman, said: “This business has grown steadily complete nan past 55 years. We are looking guardant to nan business pinch Allegro arsenic we participate this adjacent shape of growth.  

“The Campbell family are remaining successful nan business arsenic shareholders and executives.”  

The finance from Allegro is group to “accelerate” BE Campbell’s maturation strategy, according to nan statement.   

It includes plans for superior upgrades for nan group’s processing capabilities, finance successful caller merchandise formats and processing a “strengthened” commercialized level to amended cater to its Australian customer base. 

Jeffrey Largier, managing head astatine Allegro Funds, added: “We are excited to partner pinch Ted Campbell, nan Campbell family and nan full BE Campbell team. We are impressed pinch what they person built complete nan business’s agelong and rich | history – BE Campbell is simply a class leader pinch a beardown way grounds of growth.”  

The company’s offerings scope from full pigs and superior cuts to customised value-added unit products.  

It distributes its products done awesome channels including supermarkets, foodservice providers, butchers, and different distributors.  

Additionally, nan institution exports its products to various markets crossed nan Asia-Pacific region. 

BE Campbell operates 2 accommodation successful occidental Sydney. The Wetherill Park location is nan company’s caput agency and pork deboning and processing plant, pinch a play processing capacity of 15,000 pigs.  

The Arndell Park tract focuses connected further processing and worth addition, handling astir 400t per week.