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October 8, 2021

George Weston Foods seeking Dad’s Pies takeover

Both companies are present in the same categories in New Zealand.

New Zealand’s competition body said George Weston Foods, the firm owned by the UK’s Associated British Foods, has applied to take over Dad’s Pies.

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What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

The Commerce Commission says George Weston Foods has applied to acquire all of the shares in Dad’s Pies, which owns The Baker’s Son brand sold into local supermarkets, and also its namesake line of branded pies.

George Weston Foods, a wholly-owned subsidiary of ABF, operates in New Zealand and Australia and is regarded as one of the largest food manufacturers in both countries with 40 facilities.

It runs three bakeries in New Zealand making pies and sausage rolls under the Big Ben brand sold into retail and foodservice, along with crumpets, bread rolls and buns.

George Weston Foods owns the Tip Top bread brand marketed in New Zealand and Australia. It also markets the Don and KR Castlemaine meat brands in Australia, along with the Yumi’s line of dips.

ABF generated group revenues of GBP14bn (US$19bn) in the fiscal year ended on 12 September, with Australia contributing GBP1.16bn. The company did not list sales for New Zealand.

Just Food has contacted ABF’s UK representative office for confirmation of the proceedings.

Dad’s Pies, based in Silverdale, 18 miles north of Auckland, was founded in 1981 and offers a range of the savouries from beef to lamb chicken and bacon. The Commerce Commission noted in its advisory the sellers are the shareholders of DPL in Auckland.

Related Companies

Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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