Simplot is hiving off its meat business Top Cut Foods following a lengthy strategic review that will result in a management buy-out.
Top Cut Foods is a full service specialist butcher and was founded in 1981 and acquired by Simplot in 2011.
Simplot, which also recently exited the frozen meals business, says the review had “clarified the factors required for Top Cut Foods ongoing success”.
The transition will take place over the coming months, and will see Rob Aston as the new owner of Australia, Japan and South Korea and Michael Lin as the new owner of operations in China.
"Top Cut is a unique and specialised business that is quite different from Simplot Australia's core capabilities,” Simplot Australia managing director Graham Dugdale said.
"However, Top Cut's management has outstanding industry knowledge, capabilities and experience to ensure Top Cut's future success.”
