Sydney-based mid-market buyout firm Anacacia Capital said it has acquired a majority stake in Procal Dairies, one of Australia’s largest independent dairy processors, for an undisclosed amount.
The PE firm is investing alongside the founding Thyssen family and existing management, supporting the next phase of growth.
“It was a classic Anacacia-style investment, helping retired founders sell a majority stake and partner the next generation to take the business up a level,” the firm said.
Established in 2003 by father-and-son duo Nick and Adam Thyssen, Procal has evolved into a leading producer of premium milk, cream, and yoghurt.
It operates a modern processing facility in Melbourne that serves cafés, restaurants, supermarkets, and export markets throughout the region.
Procal becomes part of the Anacacia Private Equity IV portfolio, joining other consumer-facing businesses including MGI and Florabelle Living. Laney Quinn will continue to lead the business as CEO.
The firm’s investment model typically involves supporting the transition of founder-led businesses while preserving core values and culture.
Ranitha Mapatuna, investment director at Anacacia Capital, said they view the partnership as an opportunity to support Procal’s expansion across Australia.
“We have long admired the Procal team for their entrepreneurial drive, differentiated offering, and success in building a strong brand,” Mapatuna said.
Anacacia will bring George Weston Foods’s longstanding chief executive officer Stuart Grainger onto the board of Procal.
