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Goodman Fielder

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Goodman Fielder
IndustryConsumer goods
Founded1986; 38 years ago (1986)
Headquarters
Sydney, New South Wales
,
Australia
Area served
Oceania
ProductsBread
Small goods
Dairy products
Margarine
Oil
Dressings
Other food ingredients
OwnerWilmar International
Websitegoodmanfielder.com

Goodman Fielder is an Australian[1] manufacturer, marketer and distributor of bread, smallgoods, dairy products, margarine, oil, dressings and various food ingredients. Its main operations are in New Zealand, Australia, Fiji, Papua New Guinea, and New Caledonia, with over 40 manufacturing sites. The company employs over 5,000 people, and has more than 120 brands.

History

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Goodman Group was founded as A.S. Paterson & Co. ltd in Dunedin in 1886 as a general importing firm by Scottish-Born businessman and philanthropist Alexander Stronach Paterson.[2] It was listed on the New Zealand Stock Exchange in 1949 and would come to focus mainly on the grocery business. The firm was renamed as Goodman Group in 1979 after Paterson's grandson Alex was ousted as chairman in 1976 by "dissatisfied baking interests".[3]

Goodman Fielder was founded in 1986 after the merger of Allied Mills Ltd and Goodman Group Ltd. Since the merger in 1986, the company has purchased a further 13 companies. The company was taken over by Burns Philp in 2003.[4]

Goodman Fielder was re-listed on the share market at the end of 2005[5] with Burns Philp retaining a 20% share (subsequently sold in 2007). As part of the IPO, New Zealand Dairy Foods brands Meadowfresh, Tararua, Kiwi, Huttons, Anchor Cheese (under licence), Top Hat and Puhoi cheese became part of Goodman Fielder.

The Uncle Tobys and Bluebird snack food businesses of the "original" Goodman Fielder were not included in the float, the former being sold to Nestlé[6] and the latter to PepsiCo.[7]

Chris Delaney, the former Asia Pacific President of Campbell Soup Company, was Goodman Fielder's CEO from 4 July 2011. He resigned following a takeover of the company by Wilmar International and First Pacific joint-venture in March 2015 for $1.3 billion Australian dollars.[8][9]

Goodman Fielder's CEO was Scott Weitemeyer, until the takeover by Wilmar International.[10]

In 2019, Wilmar International acquired First Pacific's 50% share in the company.[11]

Brands

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The company's brands include:

  • Cornwell's [12]
  • Country Life Bakery
  • Cow and Gate
  • Crisco
  • Ernest Adams – a New Zealand bakery brand[13] and part of the Goodman Fielder group of companies,[14][15] its products include cakes, desserts, loaves, biscuits, meringues, cakes, sponges, puddings and tarts.[16] The company was originally called Adams Bruce Limited, with Ernest Alfred Adams in partnership with Christchurch baker Hugh Bruce. The company grew rapidly, with bakeries in Auckland, Wellington, Christchurch, and Dunedin by the time of Bruce's retirement in 1929. Following Bruce's retirement, the company was split, with Adams Bruce operating in the North Island and a new company, Ernest Adams Ltd., taking over the South Island arm of the business. Despite his official retirement, Bruce continued to work for the company as manager of the Christchurch factory until his death in 1939.[17] In 2022 the Ernest Adams brand of baked goods was discontinued.[18]
  • Edmonds
  • ETA
  • Freya's Continental Style Bread
  • Gold'n Canola
  • Helga's Continental Bakehouse
  • Irvines
  • La Famiglia
  • Logicol
  • Meadow Fresh
  • MeadowLea
  • Mighty Soft
  • Molenberg
  • Mother's Choice
  • Nature's Fresh
  • Olivani
  • Olive Grove
  • Paradise
  • Pampas
  • Praise
  • Puhoi Valley
  • Quality Bakers – a New Zealand brand of bread products, it is a subsidiary of Goodman Fielder and has bakeries throughout Australia and New Zealand.[19][20][21][22]
  • Tararua
  • Vogel's – a bread based on a recipe by Alfred Vogel
  • White Wings
  • Yoplait[23]

Goodman Fielder operate in the dairy, baking and grocery segments of the food manufacturing market, and have a portfolio of retail and food service brands, including Meadow Fresh, Puhoi Valley, Bouton D'or, Tararua, Vogel's, Quality Bakers, Molenberg, Natures Fresh and Meadowlea.

Internationally

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The company exports many of its products to over 30 countries. Goodman Fielder has four divisions, home ingredients, baking, dairy and commercial fats & oils.

References

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  1. ^ "Who we are » Goodman Fielder – Great Brands and Great People". Goodman Fielder. 17 March 2015. Retrieved 23 November 2017.
  2. ^ "OBITUARY". Otago Daily Times. 24 April 1940. Retrieved 15 January 2023 – via National Library of New Zealand.
  3. ^ "Goodman Group profit $3.2M". The Press. 8 June 1979. p. 6. Retrieved 15 January 2023 – via National Library of New Zealand.
  4. ^ "Hart on board of Goodman Fielder". Television New Zealand. 19 March 2003. Archived from the original on 19 May 2011. Retrieved 1 October 2011.
  5. ^ "Burns Philp Gets A$2.1 Bln in Goodman Fielder IPO (Update4)". Bloomberg. 14 December 2005. Archived from the original on 23 October 2012. Retrieved 5 September 2019.
  6. ^ "Nestle to Buy Australia's Uncle Tobys for A$890 Mln (Update4)". Bloomberg. 23 May 2006. Archived from the original on 23 October 2012. Retrieved 5 September 2019.
  7. ^ "PepsiCo Looking Overseas for Acquisitions, Nooyi Says (Update3)". Bloomberg. 25 July 2007. Archived from the original on 23 October 2012. Retrieved 5 September 2019.
  8. ^ Frazer, Simon (26 February 2015). "Goodman Fielder: Shareholders of iconic Australasian food company vote in favour of foreign takeover". ABC News.
  9. ^ Mitchell, Sue (17 March 2015). "Goodman Fielder CEO Chris Delaney departs as Wilmar, First Pacific take control". The Sydney Morning Herald. Archived from the original on 10 October 2022. Retrieved 2 November 2015.
  10. ^ "Board – Goodman Fielder". Goodman Fielder. Archived from the original on 10 October 2022. Retrieved 22 June 2016.
  11. ^ "Our History | Goodman Fielder". goodmanfielder.com. Retrieved 28 December 2022.
  12. ^ Goodman Fielder. "Cornwell's". Archived from the original on 27 February 2010. Retrieved 2 March 2010.
  13. ^ "Chocolate company resurrected". Stuff.co.nz. 16 October 2012. Retrieved 9 December 2017.
  14. ^ Hospitality. Trade Publications Limited. 2004. p. 40. Retrieved 9 December 2017.
  15. ^ International Directory of Consumer Brands and Their Owners. Gale Group. 1997. p. 485. ISBN 978-0-86338-694-7. Retrieved 9 December 2017.
  16. ^ New Zealand Patent Office Journal. U.S. Government Printing Office. 1999. p. 185. Retrieved 9 December 2017.
  17. ^ Adams, S. "Ernest Alfred Adams", Te Ara: The Encyclopedia of New Zealand, updated 21 May 2013. Retrieved 20 January 2014.
  18. ^ Casey, Alex (22 June 2022). "RIP Ernest Adams, the nation's slice". The Spinoff. Retrieved 28 September 2022.
  19. ^ "Palmerston North gets the pies in Goodman Fielder rejig that will shutter two South Auckland factories". The National Business Review. 8 June 2017. Retrieved 23 November 2017.
  20. ^ Carr, J.L. (2012). Major Companies of The Far East and Australasia 1993/94: Volume 3: Australia and New Zealand. Springer Netherlands. p. 58. ISBN 978-94-009-0379-1. Retrieved 23 November 2017.
  21. ^ Business Review Weekly: BRW. Business Review Weekly. 1996. p. 40. Retrieved 23 November 2017.
  22. ^ "Redundancy fears for Nelson bakers". Stuff.co.nz. 5 September 2012. Retrieved 23 November 2017.
  23. ^ "Yoplait". Goodman Fielder.
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