Goodman Fielder to focus on retail
Australian food group Goodman Fielder Ltd said on Tuesday it will
look for a strategic partner for its Australian milling and
commercial mixing business.
look for a strategic partner for its Australian milling and
commercial mixing business.
Australian food group Goodman Fielder Ltd said on Tuesday it will look for a strategic partner for its Australian milling and commercial mixing business.
It would also seek to enter into a supply agreement for its baked goods business, following a review aimed at increasing its focus on higher margin retail branded products.
"We are now just initiating this process, so we expect it may take until June, 2002 to identify if there is a suitable partner, and if such a partner is found, then the transition may take another six months to complete," Goodman chief executive Tom Park said in a statement.Shares in Goodman Fielder closed on Monday at A$1.32.
