Farm Pride Foods has announced the sale of its Golden Days snack food business to Manassen Foods Australia for approximately AUD$3.2m (US$2.5m).
Go deeper with GlobalData
Total estimated proceeds from the sale are $4.2m, including retained debtors and creditors.
Funds from the sale will be used towards working capital, debt reduction and further growth opportunities in the egg industry, the company said.
Farm Pride Foods chief executive Zelko Lendich said: “Farm Pride believes that given its pursuit of developing a fully integrated national egg production and marketing business, others were better placed to devote the time and resources to maximising the potential of the snackfood business.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
