FOOD INDUSTRY AND TRADE – AUSTRALIA

Patties takes a hot shot at American pie market

roymorgansocial Leave a comment

Original article by Patrick Durkin
The Australian Financial Review – Page: 9 : 21-Nov-17

Patties Foods has signed an multi-year deal with National Basketball Association team the Philadelphia 76ers to help it gain a foothold in the US pie market. The club is home to Australian basketball star Ben Simmons. Patties Foods CEO Paul Hitchcock says it will start by selling its famous Four’n Twenty beef pie to spectators at 76ers’ games, rather than trying anything fancy. Hitchcock notes that currently around 24 million Americans eat 21 million pies a year, so given that there are 320 million Americans, there is huge potential for growth.

CORPORATES
PATTIES FOODS LIMITED, NATIONAL BASKETBALL ASSOCIATION, PHILADELPHIA 76ERS, PACIFIC EQUITY PARTNERS PTY LTD, NIKE INCORPORATED, AUSTRALIAN WHOLEFOODS, LEADER FOODS, THE MYER FAMILY COMPANY PTY LTD

Spread the word: he’s a happy little Vegemite

roymorgansocial Leave a comment

Original article by John Durie
The Australian – Page: 21 : 30-Jun-17

Australian-listed Bega Cheese will assume ownership of the iconic Vegemite brand on 30 June. Bega paid $A460m for the local food brands of Mondelez, including Vegemite, Zoosh, Bonox and peanut butter products that were formerly sold under the Kraft brand. The Mondelez assets will contribute 40 per cent of Bega’s earnings and 25 per cent of its revenue. Bega undertook a $A122.5m capital raising to help finance the Mondelez deal.

CORPORATES
BEGA CHEESE LIMITED – ASX BGA, MONDELEZ AUSTRALIA (FOODS) LIMITED, MONDELEZ INTERNATIONAL INCORPORATED, KRAFT FOODS INCORPORATED, MURRAY GOULBURN CO-OPERATIVE COMPANY LIMITED

Winha jumps 40pc on debut

roymorgansocial Leave a comment

Original article by
The Australian – Page: 21 : 6-Jan-17

Winha Commerce & Trade International had a spectacular debut on the Australian stock exchange on 5 January 2017, closing at $A0.49 or 40 per cent above the issue price of $A0.35 a share. The Chinese-based food retailer raised $A8.5 million through the float. The funds will be used to buy 49 per cent of Melbourne-based wholesaler Flavours.

CORPORATES
WINHA COMMERCE AND TRADE INTERNATIONAL LIMITED – ASX WQW, FLAVOURS PTY LTD

ASIC to scrutinise Bellamy’s trading

roymorgansocial Leave a comment

Original article by Damon Kitney, Eli Greenblat
The Australian – Page: 22 : 6-Dec-16

The Australian Securities & Investments Commission will undertake an informal review of trading in the shares of Bellamy’s Australia prior to the release of an earnings update on 2 December 2016. The infant formula group’s shares fell by 43.52 per cent in response to the bearish guidance, and the stock shed another 4.23 per cent on 5 December. Bellamy’s had left its earnings guidance unchanged at the AGM in mid-October.

CORPORATES
BELLAMY’S AUSTRALIA LIMITED – ASX BAL, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, KATHMANDU HOLDINGS LIMITED – ASX KMD, BLACK PRINCE PRIVATE FOUNDATIONRST, ELLERSTON CAPITAL PTY LTD

Philippine firm snaps up snacks maker for $600m

roymorgansocial Leave a comment

Original article by Sue Mitchell
The Australian Financial Review – Page: 24 : 18-Aug-16

Universal Robina has increased its presence in the snack foods sector with the acquisition of Snack Brands Australia, whose products include Samboy and Kettle potato chips. Philippines-based Universal Robina has indicated that Snack Brands will remain an independent business, while it intends to launch the company’s products in Asia. Snack Brands’ market share in Australia is almost 30 per cent, and it boasts annual sales of $A303m. Universal Robina’s annual sales are about $A3bn.

CORPORATES
SNACK BRANDS AUSTRALIA, UNIVERSAL ROBINA CORPORATION, GRIFFINS FOODS LIMITED, PACIFIC EQUITY PARTNERS PTY LTD, FRITO-LAY INCORPORATED, THE SMITH’S SNACKFOOD COMPANY LIMITED, THE RED ROCK DELI CHIP COMPANY, THE KETTLE COOKED CHIP COMPANY PTY LTD, SAMBOY, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD, ARNOTT’S BISCUITS LIMITED, CAMPBELL SOUP COMPANY, THORNEY INVESTMENTS PTY LTD, MONDE NISSIN CORPORATION, MENORA FOODS PTY LTD, NUDIE PTY LTD, BLACK SWAN FOODS, BRIGHT FOOD GROUP COMPANY LIMITED, MANASSEN FOODS AUSTRALIA PTY LTD, WILMAR INTERNATIONAL LIMITED, FIRST PACIFIC COMPANY LIMITED, GOODMAN FIELDER LIMITED, UBS HOLDINGS PTY LTD, INTRINSIC PARTNERS, KING AND WOOD MALLESONS

How the soggy cereal conquered a kingdom

roymorgansocial Leave a comment

Original article by Angus Grigg
The Australian Financial Review – Page: 1 & 6 : 29-Mar-16

Sanitarium is the latest Australian company to enjoy success in the Chinese market. The company’s Weet-Bix breakfast cereal has been exported to China for eight years, but sales momentum has gathered pace in the last 2.5 years and China has become the biggest export market for Weet-Bix. Meanwhile, Adelaide-based Coopers Brewery is benefiting from the growing demand for craft beers in China, which is now the company’s biggest market in Asia.

CORPORATES
SANITARIUM HEALTH FOOD COMPANY, COOPERS BREWERY LIMITED, 31JIU, FOSTER’S GROUP LIMITED, BLACKMORES LIMITED – ASX BKL, SEVENTH DAY ADVENTIST CHURCH, DAXUE CONSULTING, RESERVE BANK OF AUSTRALIA

Former Kellogg’s boss calls for investment lift in food

roymorgansocial Leave a comment

Original article by Michael Smith
The Australian Financial Review – Page: 15 &20 : 14-Sep-15

McGrath Estate Agents chairman David Mackay was the CEO of multinational food group Kellogg from 2006 to 2011. He notes that Asia represents a huge opportunity for Australia’s food industry, but stresses the need the need for the sector to commit to long-term investment in order capitalise on this. He also argues that the Australian manufacturing sector’s costs are too high, with wages in particular much higher than most countries.

CORPORATES
McGRATH REAL ESTATE PTY LTD, KELLOGG COMPANY, FORTUNE BRANDS INCORPORATED, KEURIG INCORPORATED, MARS AUSTRALIA PTY LTD, SARA LEE AUSTRALIA PTY LTD, WOOLWORTHS LIMITED – ASX WOW, BEAM GLOBAL SPIRITS AND WINE INCORPORATED, SUNTORY LIMITED

Hepatitis A recall takes bite from Patties profit

roymorgansocial Leave a comment

Original article by Jared Lynch
The Australian Financial Review – Page: 23 : 4-Jun-15

Patties Foods has advised that it is likely to post a 2014-15 net profit of $A15m, down from $A16.7m previously. Earnings for the current year are expected to be reduced by about $A1.5m due to a frozen berries product recall arising from a hepatitis A scare. CEO Steven Chaur says the group now subjects its berries to a stringent testing regime.

CORPORATES
PATTIES FOODS LIMITED – ASX PFL, NANNA’S, CREATIVE GOURMET, FOUR ‘N TWENTY PIES

Beston IPO to follow lobster, dairy stakes

roymorgansocial Leave a comment

Original article by Simon Evans
The Australian Financial Review – Page: 20 : 9-Apr-15

Former WorleyParsons executive Sean Ebert has become CEO of Beston Global Food Company ahead of its proposed Australian sharemarket float in July 2015. Beston has also appointed GrainCorp chairman Don Taylor and formers Santos chairman Stephen Gerlach to its board. Meanwhile, it has acquired stakes in live lobster exporter Ferguson Australia and biodynamic dairy firm B.-d. Paris Creek

CORPORATES
BESTON GLOBAL FOOD COMPANY LIMITED, FERGUSON AUSTRALIA PTY LTD, B D FARM PARIS CREEK PTY LTD, GRAINCORP LIMITED – ASX GNC, WORLEYPARSONS LIMITED – ASX WOR, IOOF HOLDINGS LIMITED – ASX IFL, BELL POTTER SECURITIES LIMITED, WOOLWORTHS LIMITED – ASX WOW, COLES SUPERMARKETS AUSTRALIA PTY LTD, INDEPENDENT GROCERS OF AUSTRALIA, BESTON WINE INDUSTRY TRUST, CHALLENGER LIMITED – ASX CGF

Would you buy food labelled ‘Made in China’?

roymorgansocial Leave a comment

Original article by Roy Morgan Research
Market Research Update – Page: Online : 8-Apr-15

A Roy Morgan Single Source survey has found that 88 per cent of Australians aged 14+ were more likely to buy food if it is labelled "Made in Australia" in the year to December 2014. This compares with 85 per cent in 2013. Meanwhile, the number of Australians who say they would be more likely to buy food labelled "Made in China" rose from five per cent to six per cent in 2014. The survey also shows that people who are more likely to buy Chinese-made food products are less likely to be concerned about whether food is fattening, genetically modified or additive-free

CORPORATES
ROY MORGAN RESEARCH LIMITED