Australian pork processor BE Campbell has recently undergone a change in ownership structure, as private equity firm Allegro Funds successfully acquired a majority stake in the company.
BE Campbell, a family-owned business headquartered in Sydney, employs over 750 individuals and boasts a nationwide presence.
In a joint statement, both parties confirmed that the Campbell Family will retain a “significant stake” in the company.
Moreover, the family will continue to play an active role in management, overseeing daily operations.
BE Campbell markets its products under the Bruemar and BE Family brands.
Ted Campbell, the company’s chairman, expressed: “This business has grown steadily over the past 55 years. We are looking forward to the partnership with Allegro as we enter this next phase of growth.”
Furthermore, “The Campbell family are remaining in the business as shareholders and executives.”
The investment from Allegro aims to “accelerate” BE Campbell’s growth strategy, as noted in the statement.
This strategy includes capital upgrades for the group’s processing capabilities, investment in innovative product formats, and the development of a “strengthened” commercial platform to better serve its Australian customer base.
Jeffrey Largier, managing director at Allegro Funds, stated: “We are excited to partner with Ted Campbell, the Campbell family, and the whole BE Campbell team. We are impressed with what they have built over the business’s long and rich history – BE Campbell is a category leader with a strong track record of growth.”
The company’s offerings range from whole pigs and primary cuts to customized value-added retail products.
BE Campbell distributes its products through several major channels, including supermarkets, foodservice providers, butchers, and various distributors.
Additionally, the company exports its products to diverse markets across the Asia-Pacific region.
BE Campbell operates two facilities located in western Sydney. The Wetherill Park facility serves as the company’s head office and pork deboning and processing plant, boasting a weekly processing capacity of 15,000 pigs.
In contrast, the Arndell Park facility focuses on further processing and value addition, handling approximately 400 tons per week.
