Type your search and hit enter
Goodman Fielder sells fats and oils biz for $240m

Goodman Fielder sells fats and oils biz for $240m

Food product manufacturer Goodman Fielder (ASX:GFF) has arranged to sell its edible fats and oils operations to US conglomerate Cargill for $240 million.

Goodman Fielder MD Peter Margin said the business, which will be sold at a substantial premium to its carrying value, was not a comfortable fit with its strategic focus.

“As a consequence of our decision earlier this year to focus on our consumer brand portfolio, we decided that, as a commercial industrial business, it did not fit comfortably,” he said.

As part of the arrangement, Goodan Fielder has signed a 10-year supply agreement with Cargill over the supply of refined fats and oils.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags Mergers and acquisitionsFoodGoodman Fielder

More about Cargill AustraliaGoodman Fielder

Show Comments