Australian pork processor BE Campbell has experienced a change in ownership, with Allegro Funds acquiring a majority stake. The Campbell Family will retain a significant stake in the company and continue to be involved in management. Allegro’s investment aims to accelerate growth by upgrading processing capabilities and expanding product offerings.

BE Campbell, based in Sydney, employs over 750 individuals and distributes products under the Bruemar and BE Family brands. The company operates two facilities in western Sydney, with a focus on pork processing and value-added retail products. Allegro Funds’ investment is set to strengthen BE Campbell’s commercial platform and cater to its Australian customer base.

The acquisition by Allegro is expected to fuel BE Campbell’s growth strategy, with plans for capital upgrades and new product formats. The company also exports products to markets across the Asia-Pacific region. Ted Campbell, the company’s chairman, expressed excitement for the partnership with Allegro and the next phase of growth for BE Campbell.

Read more at Yahoo Finance: Allegro Funds buys majority of Australian pork processor BE Campbell