Australian group Buderim Ginger has struck a deal to sell its loss-making baking business to an unnamed buyer for A$1.9m.

In an announcement on the Australian stock exchange today (26 September), Buderim said the price included A$900,000 for stock in trade in cash.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

The baking business makes products including quiches and pies for retailers in Australia. In the six months to the end of June, Buderim Ginger posted losses of A$8.5m – the bulk of those losses came from the baking division.

The proceeds will be used to cut debt by A$500,000 and provide working capital. The deal is expected to be complete on Monday.

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now