Patties Foods, the Australian manufacturer of pastry products, has posted a 35% drop in first-half profit after tax as increased advertising spend, pay-outs to former senior executives and higher administration costs more than offset a slight rise in sales. The small lift in sales was driven mainly by growth in the Foodservice channel. Retail Market Retail sales were down 1.4% compared to the corresponding period in the prior year, due primarily to supply constraints causing some out of stocks and... ...Read more »

Australian manufacturer Patties Foods has announced the appointment of Michael Knaap to the Chief Financial Officer (CFO) role after their previous CFO, Beth Schofield, stepped down in November last year. Mr Knaap moves from his previous role as CFO at Unibic Pty. Ltd. ‐ a privately owned family company manufacturing and marketing biscuits and other food products into the retail and foodservice channels. “Michael brings extensive experience in manufacturing performance I.T. systems, a deep... ...Read more »

The Premier of Victoria, John Brumby, officially opened a new $21 million expansion of Patties Foods on Friday, which will greatly increase production for the region’s major local employer. The opening of the new facility corresponds with the 60th birthday of the iconic Australian Four’N Twenty meat pie, whose heritage can be traced back to Bendigo in 1948.In Bairnsdale for the opening, Mr Brumby reported that Patties had expanded with the construction of two new pie lines and a 10,000... ...Read more »

Peter Kempen, the Chairman of Australian food manufacturer Patties Foods, announced his resignation as Chairman and Director on Wednesday. “Peter became a Director of Patties Foods Limited in 2002 and Chairman of the Board in September 2005. He was one of the architects of the Company’s transition to public company status in November 2006,” a company statement advised. “We thank Peter for his very significant contribution to the growth of Patties and wish him well in his... ...Read more »

Dr Michele Allan, CEO of Australia’s Patties Foods, has resigned to “pursue other interests”, according to a statement released today by the company. Dr Allan joined Patties as a Director in 2006 and took over as CEO in November last year. The statement from Patties noted that “her contributions to the business during her tenure have been invaluable.” Dr Allan will leave immediately and be replaced by Greg Bourke, who was recruited from his position as Chief Financial... ...Read more »