Australia: Goodman Fielder rejects takeover proposal
It has been reported that food manufacturer Goodman Fielder has rejected a takeover proposal from agribusiness group Wilmar International Limited (Wilmar) and Hong Kong based investment company First Pacific Limited (First Pacific). According to Australian Food News, the company has said the proposal “undervalues Goodman Fielder” and is “opportunistic”. The takeover, offered to the company […]
Australia: Profit warning issued by Goodman Fielder
Manufacturer of bread and snack foods Goodman Fielder has announced it is expecting earnings (before interest and tax) to be approximately 10 to 15 percent lower than the previously expected $180 million in the 2014 financial year. According to Australian Food News, the company said that market conditions had changed since its interim result announcement […]
New Zealand: Goodman Fielder confirms 120 jobs to go
More than 120 jobs are set to go at a meat factory in Hamilton, New Zealand after Goodman Fielder confirmed the closure of the plant. According to newspaper the New Zealand Herald, workers at the Huttons / Kiwi Bacon factory were called into a meeting with Goodman Fielder NZ managing director, Peter Reidie. It is […]
Australia: Goodman Fielder to sell biscuits business to Green’s Food
Goodman Fielder is to sell its biscuits business to Green’s Food Holding for AUS$ 17m (US$ 15.2m), Just Food reports. Goodman Fielder has also recently sold off other assets as part of a move to optimise its product and brand range. Commenting on the sale, CEO Chris Delaney of Gooodman Fielder stated: “It allows us […]