Paradise Food Industries

OVERALL
Owned	AUS
Rating

Biscuit and snack products manufacturer

The largest Australian-owned biscuit manufacturer, they also make the entire Dick Smith range of biscuits. In 2008 Paradise was bought by Goodman Fielder for about $80 million, who then sold the company to Green's Foods for $17 million in Dec 2013.

Company Ownership

Paradise Food Industries Pty Ltd	AUS	website	email
Green's General Foods Pty Ltd       owns 100% of Paradise Food Industries Pty Ltd	AUS	website	email
Baking mixes, cereals & snacks Acquired by Nestle Australia in 2007, who promptly kept the Supercoat petfood business and sold off the rest of the business to private equity firms Guinness Peat Group and CVC. In Nov 2012, Green's was sold to a management led consortium. Acquired Paradise Foods and Waterthins in 2013. All Green's products are made in Australia from predominantly local ingredients.
Kin Group Pty Ltd           owns 51% of Green's General Foods Pty Ltd	AUS	website	email
Investment company Controlled by billionaire Raphael Geminder. In 2017 Geminder acquired Cobs Popcorn, 43.5% of Green's Foods, and The Cake Syndicate, owner of packaged cake manufacturer Susan Day Cakes and Big Sister Foods.

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Company Assessment

PRAISE	CRITICISM	INFORMATION
Paradise Food Industries Pty Ltd
		GM-Free brands Brands owned by this company were rated 'green' in Greenpeace's 2011 Truefood Guide, signifying a clear policy on excluding GM-derived ingredients, including oils derived from GM crops, and animal products from animals fed on GM crops. [Source 2011][More on Genetic Engineering]
Green's General Foods Pty Ltd
Australian Packaging Covenant signatory Signatory to the Australian Packaging Covenant, a voluntary agreement to encourage waste minimisation. [Source 2017][More on Packaging]		GM-Free brands Brands owned by this company were rated 'green' in Greenpeace's 2011 Truefood Guide, signifying a clear policy on excluding GM-derived ingredients, including oils derived from GM crops, and animal products from animals fed on GM crops. However since then the company has had a change of ownership so their current GM status in unknown. [Source 2011][More on Genetic Engineering]
Kin Group Pty Ltd
No assessment data currently available for Kin Group Pty Ltd

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Related News

Goodman Fielder sells Paradise Foods to Green's
11th Jan 2014 — Green's General Foods is to become the largest Australian-owned biscuit manufacturer, after buying Goodman Fielder's biscuit business for $17 million in Jan 2014. Goodman Fielder paid $80 million for Paradise Foods in Mar 2008.  [source]

Goodman Fielder buys Paradise Food
7th Mar 2008 — The largest Australian-owned biscuit manufacturer, Paradise Food Industries also make the entire Dick Smith range of biscuits. Paradise was bought by Australia's largest food company, Goodman Fielder, for about $80 million in Mar 2008.   [source]