Cool Off – sale to BHJ
Miles Advisory Partners advised the shareholders of Staughton Group on the carve-out and sale of Cool Off to BHJ, a leading global supplier of animal protein ingredients for the pet food industry headquartered in Denmark.
Transaction Details
Sector
Industrial
Miles Role
Sell-side advisor to the shareholders of Staughton Group
Deal Type
Business Divestments
Year Completed
2024
Contacts for this Transaction
Ryan Jordan
Managing Director
Overview
- Cool Off is one of Australia’s largest fresh and frozen pet food ingredients businesses, procuring and processing lamb, beef, pork, wild game, and marine proteins for pet food manufacturers globally
- Given Cool Off’s strong growth over the preceding decade, BHJ identified its own global distribution reach across Europe, Asia, and the United States as a critical enabler of Cool Off’s next phase of growth
- The transaction required careful structuring to separate Cool Off as a standalone business from the broader Staughton Group operating platform, preserving continuity for supplier relationships and export customers throughout the process
Industry Context
The transaction reflects the growing strategic premium placed on Australian animal proteins by global pet food ingredient platforms and the increasing willingness of offshore strategics to acquire at the source rather than rely on arms-length supply arrangements. Particularly as demand for novel, traceable, and biosecure protein ingredients continues to intensify.
