‘One way traffic’: Why Australia’s food giants keep ending up in foreign hands

This week, another entry was added to the list as ASX-listed Tasmanian salmon producer Tassal

Arnott’s, the company behind Tim Tams, was taken over by US multinational Campbell’s Soup in the 1990s.One factor behind this dynamic is the fact that our export prowess in food is mainly in the form of rawAustralia’s small population is another inhibiting factor: while we have the landmass to grow food in abundance, 25 million mouths is not that many when compared, for instance, to neighbouring Indonesia that has a population of over 273 million.

Shouldn’t we be concerned about the number of Australian food and beverage companies that have ended up in foreign hands? As a result, Australian food giants – while they may have market dominance and long-time brand recognition – may be in “a sort of sunset phase,” Sevior says.

Source: News Formal (newsformal.com)

hijessicayun We sell off our shoreline, our land, our buildings, our islands, our businesses, our natural resources. Won't be long before we see 'Australia - made in other countries'

hijessicayun When all of the food companies come under a dozen umbrellas which are subsequently owned by Blackrock and Vanguard... It's little wonder we have no control.

hijessicayun Surely you can work this out.

hijessicayun Good question

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