Private-equity firm TPG Capital has snapped up Australian poultry firm Inghams Enterprises.

Financial details have not been officially disclosed but reports in Australia have said TPG have paid over A$850m (US$873.7m).

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Bob Ingham, son of the company’s founder and Inghams’ sole shareholder, announced in July he had decided to sell the business.

Inghams is one of the largest poultry processors in Australasia. It has production facilities in Australia and New Zealand. The company generated sales of over A$2bn in 2012.

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