The Nepeal Group has increased its stake in Maxwell Food Products to 100%.

Since Nepeal took an initial stake of 50% in Maxwell in 1998, it has watched the company grow to more than twice its size.

Maxwell has offices in Melbourne and Angaston (South Australia) and is also planning to expand into Queensland, in a bid to broaden its presence on regional domestic markets. The company is also planning a foray onto Australia’s export markets.