Sausage-maker Hellers has continued its foray across the Tasman. Photo / File
Sausage-maker Hellers has continued its foray across the Tasman buying Victoria's Moira Mac Poultry for an undisclosed sum and adding A$40 million ($43.5m) of revenue to its income stream.
Wellington-based Rangatira Investments, which controls Hellers, today said the purchase was part of the smallgoods manufacturer's plans to expand in Australia,
where it's already identified an absence of pre-cooked sausages as a "significant opportunity in the largely untapped Australian market".
The expansion plans are running alongside Rangatira's own considerations for the investment, with Cameron Partners reviewing the business and Australian media floating the possibility of a sale.
"Moira Mac's is a key part of Hellers' Australian growth strategy providing a platform to build on, that can be scaled up to establish an expanded presence in the Australian market," Rangatira said.
"Moira Mac's has a great culture, a highly experienced and long-serving management team, exciting growth opportunities and through investment in its manufacturing capability, additional capacity for growth."
