Banner featuring a child drinking milk with the CTA button on the right side
Home
Wilmar Acquires 10.1%...

Wilmar Acquires 10.1% Interest in Goodman Fielder

29 Feb 2012
Add foodingredientsfirst as a preferred source on Google
Image

This acquisition will make Wilmar the largest shareholder in Goodman Fielder. Wilmar is currently assessing whether to increase its shareholding in Goodman Fielder.

Feb 29 2012 --- Wilmar International Limited, announced that as at 7.00 am, it has acquired a 10.1% interest in Goodman Fielder,  Australasia’s leading listed branded food company.

Goodman Fielder owns leading consumer brands in the baking, dairy, home ingredients and edible oils categories across Australia, New Zealand and Asia Pacific. All of these brands are complementary to Wilmar’s consumer pack business (which sells branded products to China, India, Indonesia, Vietnam and Bangladesh) and also Sucrogen’s branded sugar business in Australia. In addition, Goodman Fielder’s Integro business is complementary to Wilmar’s oil businesses.

This acquisition will make Wilmar the largest shareholder in Goodman Fielder. Wilmar is currently assessing whether to increase its shareholding in Goodman Fielder.

Wilmar’s Chairman and CEO, Mr Kuok Khoon Hong said: “We look forward to working with Goodman Fielder and its management team to improve Goodman Fielder’s performance over time”.

The cost of the 10.1% interest in Goodman Fielder is approximately A$115 million (US$124 million), which will be funded from internal funds.

All content and features on this website are copyrighted with all rights reserved. The full details can be found in our privacy statement
Add foodingredientsfirst as a preferred source on Google
Save in your AIChatGPTGoogle AIClaudePerplexityGrok
Subscribe to our newsletters
PlatformsFood Ingredients FirstNutrition InsightPackaging InsightsPersonal Care InsightsThe World of Food Ingredients
About usContact usAdvertisingPrivacy statementSitemapArchive
Follow us
Image