Inghams is setting the record straight, following media reports that speculate that the Australia-based poultry and feed producer is looking for a buyer.
The publicly traded company, on its investor relations webpage, published a notice referencing rumors that have circulated following the media reports: “The company confirms that it has not been holding such discussions or otherwise pursuing a sale of the business,” the notice read. “Inghams will keep shareholders and the market informed in line with its continuous disclosure obligations.”
The notice, authorized by the chair of Inghams’ Board of Directors, is dated October 23 signed by Company Secretary Marta Kielich.
Inghams didn’t identify exactly which media outlet or outlets have been spreading misinformation, but The Australian does have an article published online with the headline “Poultry firm Inghams shops itself around for a buyer.” That article claimed that companies from Japan and Brazil were “circling Inghams.”
Inghams, which has operations in Australia and New Zealand, trades on the Australian Securities Exchange (ASX) under the ticker ING.
It is the largest poultry producer of the Oceania region, having produced 235.4 million broilers during the past year. It is also involved in turkey production. It has seven processing plants and 12 hatcheries, according to the WATTPoultry.com Top Poultry Companies Database.
As a feed producer, Inghams ranks as Australia’s second largest, having produced 1.4 million metric tons during the past year. In addition to producing feed for poultry, it also manufactures feed for the pig, ruminant and equine sectors.
Globally, Inghams is the 49th largest poultry producer and 103rd largest feed producer.
