Betta Foods

Company Ownership

OVERALL
Owned	AUS
Rating

Ice cream cones and confectionery

Betta Foods has been operating in Australia since 1954. They have a manufacturing facility in Broadmeadows, Victoria. Acquired by international investment company Re:Capital in Oct 2014 and went into voluntary administration in Jan 2015. Acquired by Prydes Confectionery in Mar 2015.

Betta Foods (Aust) Pty Ltd

Prydes Confectionery Holdings Pty Ltd
owns 100% of Betta Foods (Aust) Pty Ltd

Confectionery manufacturer

Est 1934. Acquired by Australian Sweets in 2006, who went into receivership in 2008. Acquired by Sanchez Group Australia in 2009. Most of their business is contract manufacturing, with clients like Darrell Lea, Metcash/IGA and The Reject Shop.

Sanchez Group Property Pty Ltd
owns 100% of Prydes Confectionery Holdings Pty Ltd

Property investment

Investor in distressed industrial property assets. The Group's investment portfolio is valued at $100 million with core assets in Sydney and Newcastle. They recently diversified into acquiring operational businesses out of insolvency, which currently includes three confectionery manufacturing companies (Prydes, Betta Foods & Snow's Confectionery) to form one of Australia's largest privately owned confectionery companies.