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?

[grace.under.water]

Tell me. icy, would you object to an English or American company taking over an Australian brand, or is it only ethnic/hispanic nations you have a problem with?

[softail-joanie]

Australia for Australians- https://www.youtube.com/watch?v=w1dc5uo17rY

.

[gleee58]

---

@vicr3000 wrote:

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.

---

As I said it takes a severely warped and combative mind to conclude that my post was anti anything.

Read it again. It is not anti government, not anti meat worker, not anti anything..

You don't even seem to have a point. The last post I read about this (directed at me) made no sense at all.

Btw, there was nothing pig headed about my post or my attitude. Look in the mirror next time you feel the need to call somone pig headed.

[vicr3000]

Ok, in black and white

You are anti aussie farmer and anti aussie worker.

[gleee58]

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@vicr3000 wrote:
Ok, in black and white

You are anti aussie farmer and anti aussie worker.

---

In better black and white -

You are very wrong about that!

[gleee58]

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@vicr3000 wrote:
Ok, in black and white

You are anti aussie farmer and anti aussie worker.

---

Perhaps you would care to explain what happened when JBS took over King Island Abattoir?

How they saved the jobs on King Island and how they reacted when the locals suggested they might build themselves a new abottoir.

[vicr3000]

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.,"

[gleee58]

---

@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.


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

---

I never did suggest anything of the sort.

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

[gleee58]

---

@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.

[gleee58]