Australian owned Weis company sold to international giant Unilever.

WEIS, one of Queensland’s most beloved ice cream companies has been bought up by international giant Unilever. Weis, which began its life when Les Weis started selling his iconic Fruito Bar in 1957, operates from a factory in Toowoomba.Unilever, who already own Streets ice cream, today announced it has entered into a definitive agreement to…

Australian owned Weis sold to international giant Unilever.

WEIS, one of Queensland’s most beloved ice cream companies has been bought up by international giant Unilever. Weis, which began its life when Les Weis started selling his iconic Fruito Bar in 1957, operates from a factory in Toowoomba.Unilever, who already own Streets ice cream, today announced it has entered into a definitive agreement to…

Hills sells right to make and sell Hills Hoist clotheslines

Australian company Hills has sold the right to make and sell Hills Hoist clotheslines after concluding it could not make money from the iconic product.  The ASX-listed company outsourced its gardening and laundry products business to Woolworths in 2014 under a licensing arrangement that saw Hills Hoists and other products sold through Woolworths’ Masters stores…

Most Australians want greater restrictions on foreign ownership of farm land

An overwhelming majority of Australians support tighter restrictions on farm sales to foreigners, the ABC’s Vote Compass data has revealed. That view is shared across the country but is strongest in rural communities — perhaps providing insight into why the Turnbull Government effectively knocked back the sale of Australia’s largest cattle empire to a foreign-led…

URC buying Australian snack food firm for $460 M

MANILA, Philippines – Universal Robina Corp. (URC) is set to acquire Consolidated Snacks Pty Ltd. (CSPL) of Australia for roughly $460 million as part of efforts to create a wider footprint in Oceania and the highly competitive Australian food and retailing market. The two parties signed an agreement under which URC, through its wholly owned…