Goodman Fielder sells NZ meat and pizza units for up to $17 mln

Tue, 07 Jan 2014

By Paul McBeth Jan. 8 (BusinessDesk) - Goodman Fielder, the biggest food company in Australia and New Zealand, will net up to $17 million from the sale of its local meat and pizza businesses, as it continues to streamline its suite of brands, and will take one-time charges of up to $44 million. The Sydney-based company will sell its meats business to Hellers, the Christchurch-based meat producer half-owned by Rangatira, and its pizza business to Papatoetoe-based Mommas Frozen Products, raising net proceeds of between $15 million and $17 mil...

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