Ricegrowers Limited

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Ricegrowers Limited
Type Public
Traded as NSX: RGWB
Industry Food and Beverage Manufacturing
Founded 1950[1]
Founders NSW Rice farmers[2]
Headquarters Leeton, Australia
Key people

Gerry Lawson, Chairman

Rob Gordon, CEO[3]
Products Bulk Rice, Rice Products
Operating income Increase A$1.15 billion (2014)[4]
Employees 1,300[5]
Website www.sunrice.com

Ricegrowers Limited, trading as SunRice,[6] is claimed to be the "world's fifth largest ricefood exporter",[7] and have historically been one of Australia's largest exporters of processed branded food products[8] (though this was tempered somewhat during Australia's recent major drought).

SunRice's main production is still based in regional New South Wales, Australia, with a main office in Leeton, and Rice Mills in Leeton, Deniliquin, and Coleambally (with the Coleambally mill operational again after being temporarily "moth balled" during the last major drought in Australia[9]). SunRice also operates CopRice stockfeed plants in Leeton, Tongala and Cobden, Victoria.

SunRice have recently named triple Olympic gold medallist Stephanie Rice as brand ambassador.[10]

Ebro proposal[edit]

In October 2010 SunRice announced it had begun negotiations with the Spanish food processor, Ebro Foods, for a proposal to purchase SunRice for A$600 million.[5][11][12] The Ebro bid was subsequently rejected by the shareholders on a vote on the 31st May 2011.[13][14]

References[edit]

  1. ^ Doak, Emily (18 June 2007). "SunRice lists". ABC Rural (Australian Broadcasting Corporation). Retrieved 26 October 2010. 
  2. ^ "The SunRice Story". SunRice Australia. Retrieved 26 October 2010. 
  3. ^ "SunRice Update March 2012 - NSX". SunRice Australia update to NSX. Retrieved 14 January 2013. 
  4. ^ "SunRice Financials". 
  5. ^ a b Wagstaff, James (21 October 2010). "Spanish bid for SunRice". Weekly Times Now. Retrieved 26 October 2010. 
  6. ^ "Shareholders & Growers". SunRice Australia. Retrieved 26 October 2010. 
  7. ^ "Marketing & Export". Ricegrowers' Association of Australia. Retrieved 26 October 2010. 
  8. ^ "Statute Law (Miscellaneous Provisions) Bill". New South Wales Parliament. Retrieved 26 October 2010. 
  9. ^ "Rice mill back in business". ABC Rural. Australian Broadcasting Corporation. Retrieved 13 January 2013. 
  10. ^ "Stephanie Rice now the face of SunRice". Queensland Country Life. 28 October 2008. Retrieved 26 October 2010. 
  11. ^ Pattison, Talia (26 October 2010). "Buy out worries". The Irrigator. Retrieved 26 October 2010. 
  12. ^ Herbert, Bronwyn (22 October 2010). "Spanish food giant set to gobble up Australia's Sunrice". AM (Australian Broadcasting Corporation). Retrieved 26 October 2010. 
  13. ^ Main, Andrew (31 May 2011). "SunRice shareholders vote against Ebro Rice takeover offer". The Australian. Retrieved 11 January 2011. 
  14. ^ AGENCIES (2 May 2011). "Ebro unfazed by SunRice rejection of takeover bid". The Australian. Retrieved 11 January 2011. 

External links[edit]