New Zealand’s richest man, Graeme Hart, is attempting to buy the remainder of Australian food and ingredients business Burns Philp for about A$1.3bn (US$992.26m).

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Majority shareholder the Rank Group, privately owned by Hart, will offer A$1.1 a share for the 58% in minority holdings.


Hart is currently chairman of Burns Philp, which just posted a 23% drop in annual profit to A827.1m.


This reflected the A$699.2m sale of the baking, spreads and oils business Goodman Fielder and other divestments.


Burns Philp shares closed up at A$1.09 today (30 August).

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.