Page 32 - Food & Drink Magazine Nov-Dec 2018

AUSTRALIA’S TOP 100 FOOD & DRINK COMPANIES 2018
SPONSORED BY DATA SOURCED FROM
ABBREVIATIONS
O Overseas NL Non-listed P Publicly listed Pty Proprietary/private C Co-operative ▼ Revenue down ▲ Revenue up
TEYS AUSTRALIA
Teys invests in growth
5
REV UP/DOWN
TYPE
REV $M
PERIOD
PREVIOUS REV $M
AT THE HELM
▲
Pty
2597
05/18
2336
Brad Teys
6
JUMPING three spots to number five this year was
Teys Australia, a joint venture with Cargill
Australia and a locally-owned private company and Australia’s second largest beef processor.
The company’s core business is the production and distribution of meat products for the domestic and export markets, and its consumer brands include Certified Premium Black Angus, Grasslands Premium Beef, Riverine Beef, Woolworths, the Urban Menu for Woolworths, The
Cedric Walter range, The Four Brothers, Smokehouse Republic and 36° South.
In June, Teys injected over $30 million into new infrastructure at its Naracoorte plant, offering around 100 new jobs and boosting the region’s economy.
“We are committed to continue to invest in our people and operations to ensure that Naracoorte becomes the home of high-quality South Australian beef which will be recognised globally,” Teys manager of corporate and industry affairs Dr
John Langbridge said.
Dr. Langbridge said the
company was “incredibly proud” to be such a strong employer in the local community.
The company also launched a new premium South Australian beef product, 36° South, which requires the new plant to operate year-round to keep up demand. The range includes both grain- fed and free-range hormone growth promotant-free cattle sourced from across the southeast area of SA as well as western Victoria.
TREASURY WINE ESTATES
REV UP/DOWN
TYPE
REV $M
PERIOD
PREVIOUS REV $M
AT THE HELM
▼
P
2536
06/18
2591
Michael Clarke
TWE explores new horizons
TREASURY Wine Estates, last year’s number five, is a public company that operates in Australia, New Zealand, Asia, the Americas and Europe. It grows and sources grapes and produces and distributes several high profile wine brands including Penfolds, Wolf Blass and Lindemans.
The once troubled wine giant saw its net profits rise last financial year by 34 per cent to hit $360.3 million.
TWE is also moving into new territory with its iconic brands. In a mid-year announcement, the company announced plans to extend the sourcing of its Penfolds-branded products to overseas markets including the US. The production of a Californian red wine under the luxury SA brand out of the Napa Valley is underway with the first wines to be ready in 2022.
TWE is also releasing a premium fortified Barossa shiraz
that has been infused with the popular Asian spirit Baijiu for the Chinese market, as the appetite for Australian wine continues to expand in Asia.
In other new moves. TWE has rolled out a single batch brandy under the Penfolds brand, and the company is also releasing a classic champagne sourced from the region of
the same name in France next year in celebration of the brand’s 175th year.
32 | Food&Drink business | November-December 2018 | www.foodanddrinkbusiness.com.au