Golden Circle (company)
 |
|
| Unlisted public company | |
| Industry | Food and beverage |
| Founded | 1946 |
| Headquarters | Northgate, Queensland, Australia |
|
Area served
|
Multinational |
| Products | Over 500 |
|
Number of employees
|
1800+ |
| Parent | Kraft Heinz |
| Subsidiaries | Original Juice Co. |
| Website | www.goldencircle.com.au |
Golden Circle is a subsidiary of US-based Kraft Heinz, based in Brisbane, Queensland. Its main operations are food processing.
Golden Circle began operations in 1947 after construction of the main canning factory at Northgate was completed. The new facility was opened by the then Premier of Queensland, the Hon Edward Hanlon. The company was originally called 'Queensland Tropical Fruit Products', with 'Golden Circle' used as their brand name. Golden Circle was initially part of the Committee of Direction of Fruit Marketing in Queensland (COD). In 1964, under the leadership of Bernard Flewell-Smith and Percival Savage, the cannery was established as a separate business. It was split off from the COD by an amendment to the Fruit Marketing Organisation Acts.
Initially, the company processed and canned pineapples and produced fruit jams. Over the years, production has expanded to include other canned fruit and vegetables, fruit cordials, juices, carbonated beverages and baby food.
As of 2009, Golden Circle (GC) ceased to be an Australian Owned Company. The board and shareholders of GC agreed and sold all of their shares for 313% more than they were trading at prior to the offer from US Corporation, Heinz.
Golden Circle was one of few remaining Australian Food Companies being sold by Australian farmers to International Companies.
Australian farmers supply more than 180,000 tonnes of fruit and vegetables annually to the company for processing. The fruit crops, of which pineapple is the largest, come from the Sunshine Coast hinterland, Maryborough, Woodbury, and northern Queensland. Vegetables are largely sourced from the Lockyer Valley west of Brisbane. Crops that are not grown in Queensland are supplied from interstate.
...
Wikipedia