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Shortlist created for Goodman Fielder’s fats and oils business but process to take months: report

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A list of potential bidders for Goodman Fielder’s commercial fats and oils business has been created by their adviser Citigroup (C), with Dubai-based IFFCO considered a lead contender, according...

Lion Nathan waiting for right time to sell wine assets

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Lion Nathan, the subject of a takeover offer by major shareholder Kirin, has indicated they may sell their wine assets as soon as economic conditions improve. Lion Chief Executive Rob Murray told analysts...

Goodman Fielder strengthens consumer brands focus, fats and oils business on market

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Australia’s largest food group has announced that it will be shifting their strategic direction to increase focus on consumer brands. The changes will see Goodman Fielder look for suitable buyers...

Nestlé and Bulla to acquire Fonterra’s Australian ice cream business

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New Zealand dairy giant Fonterra has announced binding agreements with both Nestlé Australia and Regal Cream Products (Bulla Dairy Foods) to sell its Australian ice cream business. The world’s largest...

Coles sells online medicines business as turnaround shows “early signs of improvement”

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Coles yesterday announced it would sell its Pharmacy Direct business to RX Direct (a company owned by the Pharmacist Members of the Terry White Chemists Advisory Board) as they focus on the arduous task...

Sara Lee considers exit from home care as focus on food intensifies

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Sara Lee Corporation, famous for its Moccona and Sara Lee brands, is contemplating the sale of their International Household & Body Care business after receiving expressions of interest. They advised...

Goodman Fielder to sell $720 million worth of assets?

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Goodman Fielder, Australia’s largest food manufacturer, could dispose of A$720 million of assets in the wake of a strategic review that is currently underway, according to reports.The two divisions...

Buyer found for Sanlu in wake of melamine scandal

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An auction of the company at the centre of last year’s melamine dairy contamination has found a buyer, with Sanyuan buying Sanlu for 617 million yuan (A$145 million), China news agency Xinhua reported. Beijing-based...

George Weston sells fresh pork business

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Privately owned agribusiness company Craig Mostyn Group (CMG) has acquired the fresh pork business of George Weston Foods, Watsonia. CMG Chief Executive, David Lock, said the company was looking to strengthen...

Fonterra’s stake in San Lu uncertain

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Fonterra, which owns 43 per cent of Sanlu – the company at the centre of the melamine scandal in China, has denied reports it is looking to sell its stake, according to ABC Online. News reports have...