August 18, 2017 6:12 PM ET

Food Products

Company Overview of Goodman Fielder Pty Limited

Company Overview

Goodman Fielder Pty Limited is engaged in the production, marketing, and distribution of bread, grocery, dairy, and poultry products. It offers milk, margarine, flour, dressings, condiments, mayonnaise, frozen pastry, cake mix, desserts, sauces, vinegar, and cooking oils. The company offers its products to supermarkets, route outlets, and food service customers in Australia, New Zealand, China, Fiji and the Pacific, Papua New Guinea, and New Caledonia. The company was formerly known as Goodman Fielder Limited and changed its name to Goodman Fielder Pty Limited in July 2015. The company was founded in 1986 and is based in North Ryde, Australia. As of March 17, 2015, Goodman Fielder Pty Limite...

T2, 39 Delhi Road

North Ryde, NSW 2113

Australia

Founded in 1986

Phone:

61 2 8899 7000

Fax:

61 2 8026 4200

Key Executives for Goodman Fielder Pty Limited

Chief Executive Officer and Director
Chief Financial Officer
Age: 66
Chief Supply Chain & Operations Officer
Managing Director of Goodman Fielder Australia and New Zealand
Managing Director of Asia Pacific Division
Age: 53
Compensation as of Fiscal Year 2017.

Goodman Fielder Pty Limited Key Developments

Goodman Fielder to Close Three Bakeries and Cut 215 Jobs; Announces Expansion for the Next Three Years

Goodman Fielder announced plans on January 17, 2017 to close its only bakery in Western Australia, at Malaga in Perth, in May 2017. About 75 jobs will be lost. About 140 production jobs would be lost at Carina and Hemmant but 60 new positions would be created when production shifted to Burleigh heads, Moorebank and Canberra. Goodman also plans to shift production of garlic bread from its "artisanal" bread facility at Erskine Park in Sydney to Moorebank, but Erskine Park will continue to operate. The proposed plant closures will reduce the number of Goodman Fielder bakeries from 13 to 10 and follow the closure of six bakeries over the last four years. The plant closures follow years of rising costs and declining returns in the $2 billion bread market as the major supermarket chains cut shelf prices for packaged and house brand bread and ramp up production of fresh-baked bread amid a shift in consumer eating habits. The plant closures were part of a group-wide strategy to improve efficiencies across the consumer food giant's baking network. Goodman Fielder, which also makes Meadow Lea margarine and White Wings cake mixes, plans to invest $200 million across its Australian businesses, mostly in baking, and $650 million across its entire portfolio over the next three years.

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Recent Private Companies Transactions

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