The major shareholder of one of Australia's largest beef processors has acquired the Chicago area's oldest operating beef processor, Ruprecht Co., citing plans to invest in and grow the Mundelein-based privately held company.
Ruprecht was established in 1860. According to the company's website, it provides protein items to food service and retail establishments nationwide, and in the past decade has expanded its research arm.
New Hope Investment Fund—a private equity fund managed by Beijing-based Hosen Capital—announced its acquisition of Ruprecht today. New Hope is the major shareholder of Kilcoy Pastoral Company, based in Queensland, Australia.
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