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Goodman Fielder Food Service history
Goodman Fielder Food Service company history timeline
Goodman Fielder has a rich history spanning back to humble beginnings in 1909.
1968: Patrick Goodman leads eight New Zealand bakeries in the creation of the Quality Bakers cooperative.
1972: Quality Bakers extends its membership to 18 member bakeries.
Goodman also continued to pursue growth in the milling industry, notably the purchase of a sizable stake in Wattie Industries' Cropper-NRM, then the largest miller in New Zealand (Goodman Group itself ranked second), in 1980.
The enlarged group, now named Fielder Gillespie, grew again through a new merger with Davis Consolidated Industries Ltd. in 1983.
Allied also added its successful Pampa's pastry division, which it had acquired in 1985.
In 1986 the company paid A$2.5 billion to acquire 51 percent control of Commercial Products-Fielders Pty. and acquired an initial stake of nearly 15 percent in the Ranks Hovis McDougall group, one of the largest milling and bakery companies in the United Kingdom.
1986: The Goodman Group merges with Australia's Fielder Gillespie Davis to form Goodman Fielder.
1987: The company acquires Australia's Wattie Industries as part of its international expansion and product diversification drive.
The company made a strong start in its European plans with the purchase, in 1988, of Meneba NV, based in The Netherlands.
Instead, Ranks Hovis McDougall turned the tables on Goodman Fielder Wattie in 1989, when it launched its own hostile takeover attempt.
More acquisitions followed in 1989, as the company took control of Steggles Holdings, and The Netherlands companies Hocker Holdings, Brood-en-Banketbakkerij Ten Hoopen, and WL Voeders.
Goodman Fielder sold off that holding in 1989.
In 1996, the company merged its milling and baking operations in Australia and New Zealand into a new unit, Milling and Baking Australasia, and combined its overseas operations into Goodman Fielder International, creating a new Cereal and Snacks division.
1996: The company begins restructuring, including a pull-out from the European market and a reduction of its presence in Asian markets.
By then, the company also had shored up its position with the addition, in 1997, of the New Zealand milling and baking operations of Australia's Bunge-Defiance.
The company acquired the edible gelatin business form Hormel Foods Corporation in 1998, becoming a world leader in that ingredient segment through subsidiary Leiner Davis.
A restructure in 2001 saw the creation of five new key operating divisions; Milling Australia, Baking Australia, GF New Zealand, GF Consumer Products, and GF International.
2001: The company begins to sell off its ingredients division and reorients its strategy toward branded food products.
2002: The company announces plans to spend up to A$500 million to boost its branded foods operations.
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Goodman Fielder Food Service competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Peerless Foods | 1950 | $31.0M | 200 | 16 |
| Schneider Electric Industrial Services | - | $320.0M | 10,001 | 642 |
| Novelis | 2005 | $11.1B | 11,000 | 166 |
| Gerber Scientific Products | 1968 | $49.9M | 500 | - |
| Kraton | 1995 | $2.0B | 1,808 | 16 |
| ABB | 1988 | $28.9B | 105,000 | 1,184 |
| NOVA Chemicals | 1954 | $3.5B | 2,800 | 1 |
| Beckman Coulter | 1935 | $3.7B | 12,000 | - |
| Charter Manufacturing | 1936 | $590.0M | 2,000 | 91 |
| Sivantos, Inc. | 1878 | $1.1B | 6,000 | - |
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