View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
August 23, 2007

AUS: KH Foods completes cakes disposal

Australian bakery group KH Foods has completed the sale of its grocery cake operations to George Weston Foods Limited (GWF), part of the UK-based Associated British Foods (ABF) group.

Australian bakery group KH Foods has completed the sale of its grocery cake operations to George Weston Foods Limited (GWF), part of the UK-based Associated British Foods (ABF) group.

GWF has paid KH Foods a net purchase price of A$5.5m (US$4.49m) for the operations, which are located in Adelaide and Perth, and has assumed responsibility for the associated employee entitlements and property leases.

As KH Foods stated when the deal was first announced on 14 August, the proceeds of the sale are to be used to retire company debt.

Related Companies

Topics in this article: ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food