Burns Philp

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Burns Philp is an Australian based company involved in the production and distribution of food ingredients and consumer branded food, beverage and related products. The Group operates internationally with leading products and brands enjoying significant market shares in each of its principal markets. Founding partners in Burns Philp were Sir Robert Philp, twice Premier of Queensland, and Sir James Burns, later a member of the Legislative Council of New South Wales and founder/ benefactor of Burnside Presbyterian Homes for Children.

Its product ranges include packaged bread and other baked goods, snack foods, breakfast cereals, edible oils, and meal components. One of the most significant subsidiaries of the business in terms of profit is Goodman Fielder, Australasia’s largest baker, which has just recently been floated in an IPO (initial public offering).

New Zealand billionaire businessman Graeme Hart is the chairman and majority shareholder (54 percent) of Burns Philip and recruited Australian food executive Peter Margin to run Goodman Fielder. Just prior, Margin, former CEO of National Foods Limited, left the company after a hostile takeover by the Philippine company San Miguel Corporation.

[edit] Sharemarket listing

Burns Philp is listed on the ASX as BPC and the NZX as BPH.

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This article has been tagged since January 2007.