Another Aussie Company In Foreign Hands.

[icyfroth]

Another iconic Australian food company has fallen into foreign hands, with Brazilian food giant JBS's $1.45 billion takeover of ham, bacon and smallgoods producer Primo Smallgoods.

For JBS, which is Australia's biggest meat packer, marketer and exporter and the world's largest processor of protein, Primo is a move away from commodity meat into high-value branded products, an expansion into Australian pig meat and a launching pad to export protein to Asia.

The deal is another big one for JBS adviser Rothschild. Sam Prentice's team have had several high-profile deals this year, such as Saputo's acquisition of Warrnambool Cheese and Woolworths' David Jones takeover.

Rothschild brought JBS to Australia with the acquisition of Swift and its subsidiary Australian Meat Holdings for about $US1.4 billion in 2007. JBS then built its Australian footprint, buying Tasman Group, Rockdale Beef, Tatiara Meat Company and more recently Andrews Meat

The sale is the latest in a string of Australian food and beverage companies being snapped up by foreign buyers.

Treasury Wine Estate, maker of Penfolds, rejected a $3 billion private equity bid from American private equity giant Kohlberg Kravis Roberts earlier this year. A consortium of Asian investors have made a $1.4 billion bid for Goodman Fielder and Canadian dairy group won a takeover battle for Warrnambool Cheese and Butter in January.

 Entire Article Here

Well if it weren't so sad it'd be just laughable!

They want Australians to work longer to fund their retirement.

Where is all the work going to be if the government allows foreign investors to keep buying up our major industries?

[poddster]

Icy, Australia has abundant resources and manpower to become self sufficient. What it lacks is the education in both trades and academics and the incentive to make it happen.

a large percentage of the potential either lack the incentive to work or the qualifications required to get it off the ground.

[icyfroth]

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@poddster wrote:

Icy, Australia has abundant resources and manpower to become self sufficient. What it lacks is the education in both trades and academics and the incentive to make it happen.

a large percentage of the potential either lack the incentive to work or the qualifications required to get it off the ground.

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Thing is, Podds, we had it.

Over the last 4 decades the Australian population has been trashed. Welfare, drugs, alcohol, free sex.  Kids are being dumbed down instead properly educated. 

It's come to the point where Aussies have become virtually unemployable and companies have taken to importing their workforce from overseas or taking their operations offshore.

It's genocide by stealth.

[nevynreally]

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@icyfroth wrote:

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@poddster wrote:

Icy, Australia has abundant resources and manpower to become self sufficient. What it lacks is the education in both trades and academics and the incentive to make it happen.

a large percentage of the potential either lack the incentive to work or the qualifications required to get it off the ground.

---

Thing is, Podds, we had it.

Over the last 4 decades the Australian population has been trashed. Welfare, drugs, alcohol, free sex.  Kids are being dumbed down instead properly educated. 

It's come to the point where Aussies have become virtually unemployable and companies have taken to importing their workforce from overseas or taking their operations offshore.

It's genocide by stealth.

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was going to post on this, then realised there was no point.

Which is kind of the point you're making?

[poddster]

Sad isnt it?

[poddster]

Perhaps we may all have to resort to what wilk posted in his final post on the 100% thread. 🙂

[nevynreally]

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@icyfroth wrote:

---

@poddster wrote:

Icy, Australia has abundant resources and manpower to become self sufficient. What it lacks is the education in both trades and academics and the incentive to make it happen.

a large percentage of the potential either lack the incentive to work or the qualifications required to get it off the ground.

---

Thing is, Podds, we had it.

Over the last 4 decades the Australian population has been trashed. Welfare, drugs, alcohol, free sex.  Kids are being dumbed down instead properly educated. 

It's come to the point where Aussies have become virtually unemployable and companies have taken to importing their workforce from overseas or taking their operations offshore.

It's genocide by stealth.

---

I don't necessarily blame companies for doing that. Australians, some of them. became too entitled, too hard to work with. The world got smaller, you played  your cards but lost. And no one wants to accept responsibility.

[vicr3000]

Not good for Aus

Historic Victorian farms near Bendigo bought by Chinese buyers

Two historic farms near Bendigo have been bought by a foreign buyer aiming to capitalise on the district's prime agricultural land and China's booming demand for food.

The stunning properties - about 2200 hectares combined - are in the Sutton Grange Valley, about 30 kilometres south of Bendigo and about 75 minutes' drive from Melbourne's CBD.

The adjoining livestock properties, known as "Eilan Donan" and "Breadalbane", have been bought by the Li family, from China. Eilan Donan had been on the market for about four years before the sale.

Eilan Donan covers about 1460 hectares and had been in the MacRae family for more than 132 years. The MacRaes also owned neighbouring Breadalbane until 1984.

Sales prices for the two properties have not been disclosed, but based on local land values the combined cost is likely to have exceeded $10 million.

Five generations of the MacRae family have lived and worked on the land after Alexander MacRae bought about 3000 hectares called Breadalbane Estate in 1882, at an auction held at the Castlemaine Mechanics Institute.

Today the area is a quiet and picturesque farming district east of the Calder Freeway, dotted with imposing granite boulders.

Eilan Donan is home to thousands of mature red gums, a number of creeks and about 60 dams. Hundreds of thousands of native trees have been planted on the property by Jock MacRae and his family since the 1990s.

more in article

http://www.theage.com.au/victoria/historic-victorian-farms-near-bendigo-bought-by-chinese-buyers-201...

[gleee58]

No answer, I take it?

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@gleee58 wrote:

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@vicr3000 wrote:
Well if that so, why were you suggesting the abattoir price jbs out from using it by increasing the prices ?
And the other issue.

Answer the question instead of deflecting the topic.

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I never did suggest anything of the sort.

You have scrambled what I said just to argue about it.

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this is what I said, yes?

"The final go-ahead is conditional on JBS being able to maintain third party access to Primo's abattoir in the northern New South Wales town of Scone."

It will be interesting to look back in a year or 2 to see how that went.

They could technically keep the access available while pricing them out of using it.

How the heck do you translate that into 

That's a pig headed attitude that will only cost Australian jobs. If you price them out of using it, they will just bypass the local Abbatoir and import all the meat they need, frozen.

If you actually read up further, some of the Gov't requirements of the takeover they want to put in place are that JBS

MUST use the abbatoirs or it has to divest itself of the company.

I sometimes wonder about which side some of you are actually on.

Your anti Gov't feeling gets in the way of sound judgement and logical thinking.

Or this?

How about addressing the main issue.

The MAIN point of my post was that it was anti Australian farmers and anti Australina workers.

Something on the other thread you decry yet here you are on this thread going all out against them.

 or this?

Ok, in black and white

You are anti aussie farmer and anti aussie worker.

or this?

Well if that so, why were you suggesting the abattoir price jbs out from using it by increasing the prices ?
And the other issue.

Answer the question instead of deflecting the topic.


" They could technically keep the access available while pricing them out of using it.,"

...........................................................................................................................................

What question?  You didn't ask a question until the nonsensical one in that last post.

[cherry*135]

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@icyfroth wrote:

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@poddster wrote:

Icy, Australia has abundant resources and manpower to become self sufficient. What it lacks is the education in both trades and academics ( what academics are your referring to? Who said Australia lacks academics?) and the incentive to make it happen. Technology & Innovation is the way of the future, not trades.

a large percentage of the potential either lack the incentive to work (a small % might) or the qualifications required to get it off the ground. Not accurate.

---

Thing is, Podds, we had it.

Over the last 4 decades the Australian population has been trashed. Welfare, drugs, alcohol, free sex. A  very small % of the population maybe  

Kids are being dumbed down instead properly educated.  I don't believe that is accurate.

It's come to the point where Aussies have become virtually unemployable No, they haven't and companies have taken to importing their workforce from overseas (companies can't just employ permanent staff from overseas without those staff having the necessary visa's) or taking their operations offshore (because it is cheaper to do so, nothing to do with the quality of Australia's workforce).

It's genocide by stealth.

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[gleee58]

---

@gleee58 wrote:

No answer, I take it?

---

@gleee58 wrote:

---

@vicr3000 wrote:
Well if that so, why were you suggesting the abattoir price jbs out from using it by increasing the prices ?
And the other issue.

Answer the question instead of deflecting the topic.

---

I never did suggest anything of the sort.

You have scrambled what I said just to argue about it.

---

this is what I said, yes?

"The final go-ahead is conditional on JBS being able to maintain third party access to Primo's abattoir in the northern New South Wales town of Scone."

It will be interesting to look back in a year or 2 to see how that went.

They could technically keep the access available while pricing them out of using it.

How the heck do you translate that into 

That's a pig headed attitude that will only cost Australian jobs. If you price them out of using it, they will just bypass the local Abbatoir and import all the meat they need, frozen.

If you actually read up further, some of the Gov't requirements of the takeover they want to put in place are that JBS

MUST use the abbatoirs or it has to divest itself of the company.

I sometimes wonder about which side some of you are actually on.

Your anti Gov't feeling gets in the way of sound judgement and logical thinking.

Or this?

How about addressing the main issue.

The MAIN point of my post was that it was anti Australian farmers and anti Australina workers.

Something on the other thread you decry yet here you are on this thread going all out against them.

 or this?

Ok, in black and white

You are anti aussie farmer and anti aussie worker.

or this?

Well if that so, why were you suggesting the abattoir price jbs out from using it by increasing the prices ?
And the other issue.

Answer the question instead of deflecting the topic.


" They could technically keep the access available while pricing them out of using it.,"

...........................................................................................................................................

What question?  You didn't ask a question until the nonsensical one in that last post.

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