Goodman Fielder’s new sustainability strategy includes targets of 100 per cent recyclable packaging by 2025 and to halve its food waste by 2030. “Better Together” outlines nine sustainability goals aligned to the UN 2030 Sustainable Development Goals (SDGs)

Goodman Fielder takeover one step closer

21 October 2014

The foreign takeover of Goodman Fielder has received the blessing of the federal government's Foreign Investment Review Board.

The company's takeover by Singapore agribusiness Wilmar and Hong-Kong investment firm First Pacific also recently received approval from the Australian Competition and Consumer Commission.

However, to get the go ahead the takeover requires regulatory approval from China as well as from New Zealand regulatory authorities.

Goodman Fielder says that Wilmar and First Pacific are continuing to progress the other regulatory approvals that are required.

“As previously announced to the market, a shareholder meeting to approve the Scheme is anticipated to be held in the first quarter of calendar 2015,” the company says.

Goodman Fielder shareholders were originally expected to approve the scheme at a meeting to be held in late November, however Goodman Fielder said last month that the meeting would be pushed back to March 2015 because obtaining regulatory approval from China was taking longer than expected.