We reveal the companies that found their way onto this year's Top 100 Food & Drink Companies report, developed in collaboration with IBISWorld, as well as some of those that didn't make this year's list.
Many of the new arrivals made their way on to the list through acquisition or restructuring, while others were added as a result of their reclassification by IBISWorld.
Poultry company Turosi entered the list at #52, after a merger between OSI International Foods (#84 in 2018) and Turi Foods. It owns brands Bannockburn, La Ionica, Golden Farms and Prepared Food Solutions.
Monde Nissin Australia arrived at #56. It owns brands Nudie, Black Swan, Peckish, Wattle Valley, Quorn and also manages and distributes brands across grocery, dairy, deli, bakery and frozen markets.
New arrival Kinrise recorded the second highest revenue increase, up 103.03 per cent. It came in at #64 after being formed in May 2018. It calls itself “a new kind of food company” with breakfast, baking, bakery, biscuits and snack categories produced by its brands Cobs Fine Foods, Greens General Foods, Susan Day Cakes and Ozpack.
Cake and pastry manufacturer Australasian Foods came in at #68 with 69.89 per cent revenue growth after acquiring Boscastle Pastries Foods for $10.75 million. It acquired Patties Foods in September 2016, which was #89 last year.
Almondco Australia had the fourth highest revenue increase (55.81 per cent) and made its Top 100 debut at #78. In the last 10 years the company has increased production four-fold.
Riviera Holdings (Aus) trading as Peters Ice Cream came in at #66. It manufactures and distributes ice cream and its parent company is Froneri Ltd, a UK-based ice cream manufacturer.
Small goods companies D’Orsogna (#97) and Bertocchi Smallgoods (#100) had their premier appearance on the list as well. D’Orsogna completed a new $66 million facility in Victoria this year.
OSI International Foods dropped off the list due to merging with Turi Foods, as did Green’s Foods after its acquisition by Kinrise. Similarly Patties Foods didn’t make an appearance after being acquired by Australasian Foods.
McCains and Bindaree Beef Group didn’t make the list as it has not released new financials since 30 June, 2017.
The companies whose revenue didn’t meet the threshold this year included last year’s #100, Stuart Alexander. Others were Tully Sugar, Chobani, De Bortoli Wines, Maxum Foods, Boundary Bend, Kraft Heinz Australia, Valcorp Fine Foods and Safcol.
MORE COVERAGE:
TOP 100: The Top Ten companies and how they fared>>
TOP 100: The fastest movers of 2019>>
TOP 100: The stellar sectors>>
TOP 100: The biggest losers of 2019>>
Editorial by Food & Drink Business. All data sourced from IBISWorld.
