date:Feb 26, 2014
Goodman Fielder announces that it has completed the sale of its Biscuits business in Australia to Greens Food Holdings.
The divestment forms part of Goodman Fielder's ongoing strategy to optimise its portfolio by refocusing its marketing and capital expenditure on its core categories and brands where it has profitable, market leading positions.
Net proceeds will be used to reduce net debt and further strengthen Goodman Fielder's financial position.