Nudie

OVERALL
Owned	PHL
Rating

Juice processors

Founded by Tim Pethick in Sydney in 2002. Pethick left the company in 2005. Acquired by Monde Nissin in Feb 2015.

Company Ownership

Nudie Foods Australia Pty Ltd	AUS	website	email	facebook	twitter
Monde Nissin (Australia) Pty Ltd       owns 100% of Nudie Foods Australia Pty Ltd	AUS	website	email
Food manufacturer Acquired Australian dip manufacturer Black Swan in 2014, juice maker Nudie in Feb 2015, dip maker Menora Foods in Mar 2015, and international meat-substitute firm Quorn Foods in Oct 2015.
Monde Nissin Corporation           owns 100% of Monde Nissin (Australia) Pty Ltd	PHL	website
Food company Founded by Betty Ang in the Philippines in 1980. One of the Philippines top 100 companies. The company holds around 60% of the Filipino instant noodles market, and 30% of the biscuits market. Acquired Australian dip manufacturer Black Swan in 2014, juice maker Nudie in Feb 2015, dip maker Menora Foods in Mar 2015, and international meat-substitute firm Quorn Foods in Oct 2015.

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Company Assessment

PRAISE	CRITICISM	INFORMATION
Nudie Foods Australia Pty Ltd
		Founders fined for tax evasion In Nov 2016 Nudie Juice's founding family, the Binetters, were ordered to repay $125 million to the Australian Taxation Office following the wrap-up of a long-running offshore tax evasion inquiry. According to a Federal Court ruling, the family members stashed millions of dollars of undeclared money in Swiss and Israeli accounts, and paid an Israeli lawyer to destroy documents relating to their accounts. The $125m includes tax, penalties, interest and liquidation costs. Michael and Andrew Binetter were also found to have breached their duties as directors. [Source 2016][More on Finance]
Monde Nissin (Australia) Pty Ltd
Australian Packaging Covenant signatory Signatory to the Australian Packaging Covenant, a voluntary agreement to encourage waste minimisation. [Source 2020][More on Packaging]		No tax paid in 2016/7 According to data released by the Australian Tax Office in Dec 2018, this company was one of 2,159 local and foreign-based companies that paid no tax in Australia in 2016-17. Please note however that companies pay income tax on profits, not revenue (total income). While some companies use tax havens and loopholes to avoid paying their fair share of tax in Australia, other companies that paid no tax have perfectly legitimate reasons. [Source 2018][More on Finance]
Monde Nissin Corporation
	Unsustainable palm oil use This company scores Ethical Consumer's worst rating for their use of palm oil, signifying they are using no or minimal certified palm products, and with no or minimal positive commitments. [Source 2019][More on Palm Oil]	Labour dispute in the Philippines In 2018 members of Monde Nissin Labor Association built a protest camp outside one of this company's manufacturing plants in the Philippines, demanding the regularization of employees and reinstatement of dismissed workers. [Source 2018][More on Workers Rights] Responsibility claims This company has a number of responsibility claims on its website in the areas of calamity response, zero wastewater discharge, waste management, energy recycling and pollution control. [Source 2016][More on Sustainability Reporting]

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Related News

Philippines' Monde Nissin acquires Black Swan, Nudie and Menora Foods
16th Mar 2015 — Australian food companies Nudie, Black Swan and Menora Foods are all now owned by Philippines food company Monde Nissin after the company acquired family-owned dip and cracker company Menora Foods in March 2015 for around $55 million, a month after buying Nudie Juices for around $80 million and less than a year after buying dip maker Black Swan for about $115 million.  [source]