M&A Deal Summary

Wilmar and First Pacific Acquire Goodman Fielder

On April 28, 2014, Wilmar and First Pacific acquired food company Goodman Fielder for 1.3B USD

Acquisition Highlights
  • This is Wilmar’s 1st and First Pacific’s 2nd transaction in the Food sector.
  • This is Wilmar’s and First Pacific’s largest (disclosed) transaction.
  • This is Wilmar’s 1st and First Pacific’s 1st transaction in Australia.

M&A Deal Summary
Date 2014-04-28
Target Goodman Fielder
Sector Food
Buyer(s) Wilmar
First Pacific
Deal Type Add-on Acquisition
Deal Value 1.3B USD

Target

Goodman Fielder

Macquarie Park, Australia
website
Goodman Fielder is a food company with a portfolio of well-known consumer brands in some of the region’s largest grocery categories, including MeadowLea, Praise, White Wings, Pampas, Helga’s, Wonder White, Vogel’s (under license), Meadow Fresh, Edmonds, and Irvines. The company produces and markets bread, milk, margarine, flour, dressings, condiments, mayonnaise, frozen pastry, cake mix, desserts, sauces, vinegar, and cooking oils. Goodman Fielder was formed in 1909 and is based in Macquarie Park, Australia.

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Buyer(S) 2

Buyer

Wilmar

Singapore, Singapore

website

Category Company
Founded 1991
Sector Agriculture
Employees100,000
Revenue 50.5B USD (2020)
DESCRIPTION

Wilmar is an agribusiness group with activities include oil palm cultivation, oilseed crushing, edible oils refining, sugar milling, and refining, manufacturing of consumer products, specialty fats, oleochemicals, biodiesel, and fertilizers as well as flour and rice milling. Wilmar was formed in 1991 and is based in Singapore.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Australia) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
Buyer

First Pacific

Hong Kong, China

website

Category Company
Founded 1981
Sector Business Services
Employees100,968
Revenue 9.1B USD (2021)
DESCRIPTION

First Pacific is a Hong Kong-based investment management and holding company with operations located in Asia. Our principal business interests relate to Telecommunications, Infrastructure, Consumer Food products and Natural Resources. First Pacific Company was incorporated in 1981 and is based in Central, China.

DEAL STATS #
Overall 4 of 4
Sector (Food) 2 of 2
Type (Add-on Acquisition) 2 of 2
Country (Australia) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-26 Digital Telecommunications Phils

Quezon City,, Philippines

Digital Telecommunications provides various telecommunications services primarily in the Philippines.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-01 Del Monte Pacific

British Virgin Islands, United Kingdom

Del Monte Pacific engages in processing, manufacturing, and packing pineapple and tomato products. Del Monte Pacific was founded in 1886 and is based in Taguig, Phillippines.

Sell -
Mergr

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