date:Aug 28, 2012
an Fielder maintains an efficient supply of strategic raw materials, Delaney added.
Following the acquisition, Goodman will enter a long-term partnership with Graincorp for the supply of oil and finished goods.
Goodman Fielder expects to generate an estimated profit on the sale of A$25m ($25.97m) before tax, which will be used to primarily reduce debt and further strengthen the company's balance sheet.
The deal, which is subject to New Zealand employee consultation requirements, is expected to b