Goodman Fielder sells Champion milling to Japan's Nisshin Flour for $51 mln

Fri, 07 Dec 2012

Dec. 7 (BusinessDesk) - Goodman Fielder, the unprofitable food ingredients maker, has sold its New Zealand Champion milling to Japan's Nisshin Flour Milling for $51 million. The Australasian food manufacturer sold its Integro unit for A$170 million in August, and has been looking for a buyer of its milling unit since February after receiving unsolicited offers for both groups. The milling sale is expected to be completed in February, and includes a long-term supply contract for Goodman Fielder, which retains the business to sell flour to ret...

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