Goodman Fielder

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 at the end of April, is described as a non-binding, conditional proposal to acquire all …

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 in February, with trading conditions in Australia and New Zealand deteriorating and manufacturing and supply …

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 said that the news comes weeks after the Australasian food company warned staff at the …

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 to concentrate our internal resources and investment on our core brands within the grocery division, …