Bob Ingham, the sole shareholder of Australia poultry producer Inghams Enterprises Pty Ltd., has decided to sell the business.

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"My decision marks the next phase for the successful ongoing development of the company and is one that I, as sole shareholder, have considered for a number of years,” said Ingham. Investec Bank (Australia) Limited has been appointed to manage the process of identifying a buyer for Inghams from a range of potential bidders. The Investec-managed process is expected to take several months. The day-to-day operations of Inghams will continue under the direction of CEO Kevin McBain and his team.