The private-equity owners of Tegel Foods, New Zealand’s largest poultry processor, is reportedly mulling whether to put the business on the block.
Pacific Equity Partners, which bought Tegel from Heinz in 2005, is examining whether to sell the business after receiving approaches from possible buyers in the trade, The Australian reported today (24 September).
The private-equity firm is gauging whether there is interest from both trade buyers and other buy-out houses, the report claimed.
The Australian claimed another asset owned by Pacific Equity Partners, New Zealand biscuit maker Griffin’s Foods, could also be up for sale.
Officials at Pacific Equity Partners, Tegel and Griffin’s Foods could not be reached for immediate comment.