Golden Circle integration to take 6 months: Heinz

Posted by Editorial on 6th January 2009

Food manufacturer Heinz formally took ownership of Golden Circle on 19 December, 2008, with the integration likely to be completed by around the middle of the year.

“Following a review of the Golden Circle business which will commence in the New Year, it is expected that integration will take approximately 6 months,” a Heinz statement advised. “Heinz will provide further information as the Golden Circle business is integrated into the Heinz Australia business.”

“In the interim, it is business as usual for employees, suppliers and customers of both Heinz Golden Circle.”

Heinz made a $288m bid for the Queensland-based fruit and vegetable processor in October, which received overwhelming support from Golden Circle shareholders.