Local and international interest in Menora Foods prompts strategic review
With the profile and potential of Australian food sector on the rise, leading FMCG company, Menora Foods, has received unsolicited approaches from third parties seeking to purchase the business.
“We have appointed joint advisors, CIMB and Moelis to undertake a strategic review to consider the best options for the business including a 100 per cent trade sale,” said Sam Schachna, Managing Director Menora Foods.
Established in 1967, Menora Foods is a family owned business which has grown to become a national leader in fast moving consumer goods in Australia and international markets. The Company owns and distributes some of Australia’s favourite and most trusted brands and its range extends across the Bakery, Chilled, Confectionery, General Merchandise and Grocery categories.
Menora owns the power brands Wattle Valley and Peckish. Menora also markets and distributes some of Australia’s most trusted brands including: Bonne Maman, Maille, Chobani, Huon, Cobram Estate and Philips Lighting.
Mr Schachna said Menora Foods was experiencing strong growth with current year revenue forecast to be in excess of $170m and EBIT of approximately $8m.
“It is the right time for us to consider the best options to continue Menora’s growth trajectory and to further build its business in Australian and international markets,” Mr Schachna said.