Another Australian Food Company Goes Offshore

[icyfroth]

Sydney-based Goodman Fielder, which makes and sells bread, biscuits, sauces, spreads and oils, had been given a deadline of 2000 AEST on Friday to support the bid and open its books to due diligence.

The company's board met on Friday to consider the new bid from Singapore-listed Wilmar, the world's biggest palm oil processor, and Hong Kong investment firm First Pacific.

Goodman Fielder released an after-market statement saying that in the absence of a superior proposal, the board will unanimously recommend that Goodman shareholders vote in favour of the revised offer.

Entire Article Here

Greenpeace recently had a big campaign about Wilmar and the way they're razing Orangutan habitat to grow palm oil. I wonder what they'll have to say about this sale.

[spotweldersfriend]

Speaking of palm oil,there's an app available for users OS that tells you which companies source palm oil from the regions like Borneo,so consumers can avoid buying their products if they choose to.I think the app developers were going to have one made for Australian consumers.That info was on the BOS (Borneo Orangutan Survival) facebook page.

[spotweldersfriend]

In the subject of Borneo,Kocal and BHP (2 Australian companies) have been given the green light to open cut mine for coal in sensitive areas i.e orangutan,wildlife. habitat

[lakeland27]

Goodman Fielder have been making(mixing) the colonels ' secret herbs and spices' (its a secret for reasons other than recipe ) in victoria  Peerless Holdings buy a lot of palm oil from the same sources.

[i-need-a-martini]

They may be an Australian company but very few (if any?) of their products are 100% Australian made.

[spotweldersfriend]

palmoilinvestigations.org/ state they have nearly finished their palm oil scanner app for Australian consumers.Good news:)