Investment Group Chestnut Acquired South Food Group
The Australian family-owned meat producer has been sold to Singapore-based Chestnut and merged into its subsidiary, Tibaldi.
Updated on Oct. 5, 2026 in Consumer Goods
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Singapore-based investment firm Chestnut has completed the acquisition of the Australian family-owned business South Food Group. The transaction integrates the producer into the portfolio of Chestnut subsidiary Tibaldi.
Why it matters
Chestnut pursued the deal to bolster its Australian consumer platform and expand the combined entitys reach. The move seeks to capitalize on existing supply chain synergies between the two companies.
The acquisition involves the full transfer of an Australian producer with multiple brands including Casalingo, Chicharon, Fiora, Greenvale Farm and Crackle & Co. Financial details of the deal remain undisclosed.
The players
Chestnut
This is a Singapore-based investment group that manages a consumer platform across the Asia Pacific region.
South Food Group
This is an Australian family-owned business that manufactures meat products for the retail and food service sectors.
Tibaldi
This is a smallgoods and pork manufacturer that operates as a subsidiary under the Chestnut investment umbrella.
EP Advisors
This is the advisory firm that represented South Food Group during the negotiation and completion of the transaction.
The details
South Food Group, which specializes in meat products for retail and food service, will now operate as a subsidiary of the pork manufacturer Tibaldi. The two businesses had already established contract manufacturing and raw material supply arrangements prior to the final sale.
Timeline
October 5, 2026: The acquisition of South Food Group was officially announced.
Market Landscape
This deal reflects the ongoing consolidation of Australian food manufacturing assets by international investment firms. By merging these entities, Chestnut positions itself to streamline operations and compete more effectively across regional and global markets.
The acquisition is unlikely to cause immediate changes for retail customers as the companies leverage existing supply agreements. Shoppers can continue to purchase brands like Greenvale Farm and Casalingo through their usual food service and retail channels.
The takeaway
The merger signifies a shift toward deeper vertical integration within the Australian meat industry. Customers should monitor potential future changes in product availability as the companies unify their supply chains.
Further reading
For more on industry trends, visit the Consumer Goods section.
Source note: This article includes information reported by Inside FMCG.
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