Burns, Philp Company Description
Burns, Philp & Company is an investment vehicle for New Zealand's richest man. A subsidiary of Rank Group, which is owned by Graeme Hart, Burns Philp has mostly divested its food holdings, although it continues to hold 20% in Goodman Fielder and 50% in Fresh Start Bakeries Australia Pty. It agreed to sell its Fresh Start Bakeries stake in 2008. Burns, Philp was bought by Rank Group Australia in 2006. The acquisition gives Hart a non-public (and therefore, non-disclosed) platform from which to make investments. Through Rank, Hart had previously owned some 50% of the company, but Hart decided he wanted it all.
View the Comprehensive Company Description for Burns, Philp
The Company Description provides a historical perspective of Burns, Philp's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Burns, Philp's evolution in the marketplace.
