Buderim Ginger Limited has revised its full year profit forecast upwards after completing a deal that will make the Queensland food company potentially the world’s largest processor and marketer of macadamia nuts. Company chairman John Ruscoe said the world’s leading producer of confectionery ginger today had signed an Asset Purchase Agreement to acquire substantially all of the assets of Mac Farms of Hawaii, LLC (Mac Farms). “The acquisition will enable the company to increase... ...Read more »

Premium food producer Buderim Ginger is set to become the world’s leading broad-based macadamia nut processor and marketer after signing a letter of intent to acquire all of the assets of MacFarms of Hawaii, LLC (MacFarms). Buderim Ginger Limited Chairman, John Ruscoe, yesterday announced the Company had signed a non-binding letter of intent to acquire substantially all of the assets of MacFarms and to lease a 3,903 acre macadamia orchard owned by Kapua Orchard Estates, LLC (Kapua), an affiliate... ...Read more »

Nestlé Australia Ltd has announced it has sold its yoghurt and dairy dessert business, including its Echuca factory, to Fonterra. Under the agreement, dairy giant Fonterra will also acquire the long-term rights to manufacture, market and sell Nestlé’s yoghurt and dairy dessert brands in Australia under licence, alongside its own existing brands, thereby creating a stronger competitive presence in the chilled dairy sector. John Doumani, Managing Director of Fonterra Australia New Zealand,... ...Read more »

Chocolaterie Guylian NV (”Guylian”), one of the world’s leading brands of premium Belgian boxed chocolates, has reached an agreement to partner with Lotte Confectionery Co., Ltd. (”Lotte Confectionery”), the Lotte Group’s publicly listed subsidiary specializing in confectionery. The Lotte Group are seeking to leverage the successful Guylian brand as they enter the lucrative European market and diversify their confectionery business. Mr. Sang-Hoo Kim, President... ...Read more »