Corval Group – acquisition of MaxFoods

• MaxFoods is an Australian premium chilled foods business that procures and supplies premium chilled products, predominantly sourced from Europe, including smoked salmon, smoked trout and crab meat, together with complementary products such as blinis
• Miles was engaged to advise the shareholders of Corval Group on the acquisition of MaxFoods
• The acquisition extends Corval Group’s premium and specialty food portfolio, adding established chilled and delicatessen product lines together with the associated import and supply relationships

Industry Context

Australia’s premium and specialty food sector remains highly fragmented, creating opportunities for established food groups to consolidate complementary brands and product categories under common ownership. Acquirers in chilled and delicatessen categories prize secure import supply chains, retailer relationships and recognised product lines, which are difficult to build organically. For a diversified food group such as Corval, bolting on a premium chilled business broadens the portfolio and strengthens its position with major grocery and delicatessen channels.