Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Hellers agrees proposal to purchase Goodman Fielder Meats

MEDIA RELEASE 8 January 2014

Hellers agrees proposal to purchase Goodman Fielder’s meats business


Click for big version.

The future of iconic New Zealand brand Kiwi Bacon looks to be secure with Hellers’ proposed purchase of Goodman Fielder’s meats business.

Hellers today agreed a proposal to purchase the Kiwi bacon and ham, Brooks Deli continental meats and bacon, Hutton’s luncheon, bacon and ham, Sizzlers pre-cooked smallgoods and Milano cooked continental meats brands from Goodman Fielder.

The proposed purchase is subject to Goodman Fielder undertaking an employee consultation process and considering feedback received as part of that process.

“If the purchase of Goodman Fielder’s meats business proceeds, we intend to produce products from the brands at Hellers’ Auckland and Christchurch plants,” Hellers founding director Todd Heller says.

“We pride ourselves in being a family-owned New Zealand business and the proposed purchase of these brands would not only keep them in New Zealand, but provide a strong base for our plans to expand.” “Hellers is an established New Zealand-owned and operated company. The business is built on strong New Zealand heritage and family tradition, which provides us with the expertise and resources to carry the brands on.”

“We think there are exciting opportunities and these will flow through to jobs and additional demand for New Zealand products,” says Todd Heller.

“We’re proud of our involvement in community projects such as our Sausages for Schools initiatives, which has provided over $1 million in funds to schools. The chance to grow will provide opportunities for additional employment and local activities.”

The transaction is expected to be concluded 31 March 2014 subject to Goodman Fielder completing its employee consultation process and satisfaction of conditions.

About Hellers:

The Heller family tradition of butcheries dates back to the 1880's. Todd Heller continued the long line of butchers by opening his first butchery in New Brighton, Christchurch, in 1985 and later started supplying supermarkets, moving to a new plant at Kaiapoi. The company continued to flourish and the purchase of Vienna Sensational Foods gave the company national distribution. Today more than 400 staff produce up to 500 tonnes of sausages bacon, ham and delicatessen meats.

FAQ – Hellers proposing to take over iconic NZ brands from Goodman Fielder

About Hellers

The Heller family tradition of butcheries dates back to the 1880's. Todd Heller continued the long line of butchers by opening his first butchery in New Brighton, Christchurch, in 1985 and later started supplying supermarkets, moving to a new plant at Kaiapoi. The company continued to flourish and the purchase of Vienna Sensational Foods gave the company national distribution. Today more than 400 staff produce up to 500 tonnes of sausages bacon, ham and delicatessen meats a week..

What business is Hellers taking over?

Hellers is proposing to buy the meat business of Goodman Fielder. This includes Kiwi bacon and ham, Brooks Deli continental meats and bacon, Hutton’s luncheon, bacon and ham, Sizzlers pre-cooked smallgoods and Milano cooked continental meats.

Where will the brands acquired from Goodman Fielder be produced?

If the proposed purchase of Goodman Fielder’s meats business proceeds, Hellers intends to move production of the Goodman Fielder products to its factories in Kaiapoi and Auckland.

What plans do Hellers have for the Goodman Fielder brands?

Hellers is a proud New Zealand family business and the purchase of iconic brands such as Kiwi bacon provides a tremendous opportunity to keep these brands in this country and gives a great platform for the company’s expansion plans.

What will the proposed purchase mean for Hellers’ operations?

Products in the Goodman Fielder range would be potentially manufactured at Hellers Auckland and Kaiapoi plants utilising existing capacity. Details are yet to be confirmed.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Economic Update: RBNZ Says Rate Cut Seems Likely

The Reserve Bank will likely cut interest rates further as a persistently strong kiwi dollar makes it difficult for the bank to meet its inflation target, it said. The local currency fell. More>>

ALSO:

House Price Action Plan: RBNZ Signals National Lending Restrictions

The central bank wants to cap bank lending to property investors with a deposit of less than 40 percent at 5 percent and restore the 10 percent limit for owner-occupiers wanting to take out a mortgage with a deposit of less than 20 percent, according to a consultation paper released today. More>>

ALSO:

Sparks Fly: Gordon Campbell On China Steel Dumping Allegations

No doubt, officials on the China desk at MFAT have prided themselves on fashioning a niche position for New Zealand right in between the US and China – and leveraging off both of them! Well, as the Aussies would say, of MFAT: tell ‘em they’re dreaming. More>>

ALSO:

Loan Sharks: Finance Companies Found Guilty Of Breaching Fair Trading Act

Finance companies Budget Loans and Evolution Finance, run by former 1980s corporate high-flyer Allan Hawkins, have been found guilty of 106 charges of breaching the Fair Trading Act for misleading 21 borrowers while enforcing loan contracts. More>>

ALSO:

Post Panama Papers: Govt To Adopt Shewan's Foreign Trust Recommendations

The government will adopt all of the recommendations from former PwC chairman John Shewan to increase disclosure and introduce a register for foreign trusts with new legislation to be introduced next month. More>>

ALSO:

The Price Of Cheese: Cheddar At Eight-Year Low

Food prices decreased 0.5 percent in the year to June 2016, influenced by lower grocery food prices (down 2.3 percent), Statistics New Zealand said today. Compared with June 2015, cheese prices were down 9.5 percent, fresh milk was down 3.9 percent, and yoghurt was down 9.2 percent. More>>

ALSO:

Financial Advisers: New 'Customer-First' Obligations

Goldsmith plans to do away with the current adviser designations which he says have been "unsatisfactory" in that some advisers are obliged to disclose potential conflicts of interest and act in their customers' best interests, but others are not. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news