Page 73 - Food&Drink magazine November-December 2022

XXXX Sales director Patrick Donohue said, “The beer and alcohol beverages market continue to evolve, as do consumers’ tastes and preferences. It is important that we innovate and set the brewery up for long-term success.”
The expansion will see the start of domestic production of market dominator, White Claw, which holds 34 per cent of the local category.
GOOD DRINKS ACQUIRES STOMPING GROUND
Good Drinks Australia (GDA) acquired Victorian craft brewery Stomping Ground after a “long courtship”, for $7 million cash, 4.5 million GDA Ordinary
Shares and a trailing five-year performance component.
Stomping Ground’s Collingwood brewery currently produces roughly 1.5 million litres a year, with capacity to produce more than 2.1 million annually. GDA plans to grow that to four million by FY27. Stomping Ground also owns The Local Taphouse in St Kilda and has recently opened a self-branded brewpub in Moorabbin.
B CORP FOR UNILEVER
Unilever ANZ achieved a B Corp certification following an 18 month process. CEO Nicky Sparshott said it was a “tremendous milestone” and would “turbocharge”
Stomping Ground founders (l-r) Guy Greenstone, Steve Jeffares, and Justin Joiner.
Unilever’s focus on sustainability across the business.
The company has 900 employees in the region, source from more than 1800 suppliers, and have three factories which produce
70 per cent of what it sells locally. Its manufacturing facilities have been run on 100 per cent renewable electricity since 2020.
B Corp certification is run
by B Lab and only awarded to companies that demonstrate verifiable positive impact
through policies and practices across five areas – governance, workers, communities, customers, and the environment.
DISAPPOINTING FY22
FOR NOUMI
Noumi faced the same challenges as much of the business world
– Covid impacts, geopolitical instability, rising transport and energy costs, workforce availability, and supply chain disruptions – compounded by large increases of the farm gate milk price.
With revenue down five per cent and adjusted operating earnings before interest, taxes, deprecitation, and amortisation (EBIDTA) dropping 68 per cent to $7.3 million, noumi has continued to weather the effects of its previous life as Freedom Foods Group. Its net loss after tax was $161.1 million.
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www.foodanddrinkbusiness.com.au | November-December 2022 | Food&Drink business | 73
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YEAR IN REVIEW
RMR Process
PRINT POST APPROVED 100005338
TURNING HEMP INTO SUPERSEED P14
OCTOBER 2022
LITE N’ EASY ON THE WEIGHT OF CHANGE P18
BIG LITTLE DAIRY’S CIRCULAR SUCCESS P20
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