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Maggie Beer Holdings has received a non-binding offer to sell its Hampers and Gifts Australia business to an unnamed multinational buyer – at a fraction of the price it paid five years ago.
Historically, the default pathway for Australian food manufacturers has been predictable – once your brand builds sales domestically, you look to international markets, like the United States or Europe for growth. Roma Foods founder and managing director, Max Buontempo, notes the industry is shifting, and offers insight for the current playing field.
Poultry and food producer, TasFoods, and its subsidiaries – including Nichols Poultry – have been acquired by RAMP Tasmania Poultry. The sale ensures the continued local operation of TasFoods and the employment of all Tasmanian staff.
