Australian meat processor Thomas Foods International has acquired Mondello Farms, a wholesaler of processed potatoes, for an undisclosed sum.

Troubled Mondello, which has operations in South Australia and Victoria, went into receivership in March citing falling potato prices and debts of more than A$40m (US$36.1m).

Heard Phillips was hired as administrator before McGrath Nicol was appointed receiver.

The company employs around 140 people, operates a processing packaging facility and is engaged in growing potatoes on owned and leased land, as well as sourcing from third-party growers.

Thomas Foods International was known as T&R Pastoral until March this year. The company says it has annual revenues of A$1.3bn and describes itself as “the nation’s largest lamb and mutton exporter” and “a major beef exporter” with 80% of its business to more than 80 export markets.

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.

Company Profile – free sample

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
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.