Golden Circle (company)
Template:Short description Template:Use dmy dates Template:Use Australian English {{#invoke:Infobox|infobox}}Template:Template otherTemplate:Main other{{#invoke:Check for clobbered parameters|check|nested=1|template=Infobox company|cat=Template:Main other|name; company_name|logo; company_logo|logo_alt; alt|trade_name; trading_name|former_names; former_name|type; company_type|predecessors; predecessor|successors; successor|foundation; founded|founders; founder|defunct; dissolved|hq_location; location|hq_location_city; location_city|hq_location_country; location_country|num_locations; locations|areas_served; area_served|net_income; profit|net_income_year; profit_year|owners; owner |homepage; website }}{{#invoke:Check for unknown parameters|check|unknown=Template:Main other|preview=Page using Template:Infobox company with unknown parameter "_VALUE_" | ignoreblank=y | alt | area_served | areas_served | assets | assets_year | aum | brands | company_logo | company_name | company_type | defunct | dissolved | divisions | embed | equity | equity_year | fate | footnotes | headquarters | former_name | former_names | foundation | founded | founder | founders | genre | homepage | hq_location | hq_location_city | hq_location_country | incorporated | image | image_alt | image_caption | image_size | image_upright | income_year | industry | ISIN | key_people | location | location_city | location_country | locations | logo | logo_alt | logo_caption | logo_class | logo_size | logo_upright | members | members_year | module | name | native_name | native_name_lang | net_income | net_income_year | num_employees | num_employees_year | num_locations | num_locations_year | operating_income | owner | owners | parent | predecessor | predecessors | production | production_year | products | profit | profit_year | rating | ratio | revenue | revenue_year | romanized_name | services | subsid | subsidiaries | successor | successors | traded_as | trade_name | trading_name | type | website| qid | fetchwikidata | suppressfields | noicon | nocat | demo | categories }} Golden Circle is a subsidiary of US-based Kraft Heinz, based in Brisbane, Queensland. Its main operations are food processing. Golden Circle was inducted into the Queensland Business Leaders Hall of Fame in 2010, for its significant contribution to the economy of Queensland through the processing of food products, notably fruit and vegetables.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
Beginnings
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Golden Circle began operations in 1947 after construction of the main canning factory at Northgate was completed.<ref>Template:Citation</ref> The new facility was opened on 28 October 1947 by the then Premier of Queensland, the Hon Edward Hanlon in the presence of 1500 people including 500 Sunshine Coast fruit growers who arrived on a special train.<ref>Template:Cite news</ref> The company was originally called 'Queensland Tropical Fruit Products', with 'Golden Circle' used as their brand name.<ref name=":0" /><ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> 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.<ref>Template:Cite book</ref>
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.<ref>"Heinz launches Golden Circle Takeover Bid. Template:Webarchive". ABC News (Australian Broadcasting Corporation). Article Dated 06OCT2008</ref>
Golden Circle was one of few remaining Australian Food Companies being sold by Australian farmers to International Companies.Template:Citation needed
Operations
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.
Golden Circle operates an A$20m food hall enabling a move into the development of new products such as baby food and a Tetra Pak plant that produces more than 42 million litres of fruit juices and drinks annually.
Golden Circle employs a large number of people, which varies seasonally between 700 and 1,700.
In addition to its main processing operation in Brisbane, Golden Circle also owns the Original Juice Co. plant at Mill Park, on Melbourne's northern outskirts, and a fresh fruit packing operation in Griffith, New South Wales.<ref name=":0">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
Products
Golden Circle manufactures more than 800 products including shelf stable fruit and vegetables (in cans and glass jars), fruit juices, cordials, soft drinks, jams, conserves and baby food. Template:Citation needed Pineapple products now account for only 24% of the company's total product range.Template:Citation needed
Presence
The main production facility is at Northgate, a northern suburb of Brisbane.Template:Citation needed
Sales offices are located in every Australian state as well as New Zealand. Australia is the principal market for Golden Circle products, but they are also exported to New Zealand and other Pacific countries.
The company has factory outlets in Capalaba to the east of Brisbane and in Morayfield to the north of Brisbane.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
Takeover bids
On 26 September 2007, Coca-Cola Amatil announced it was making a conditional takeover bid for 100% of the company's shares.<ref name="CCA Takeover">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
On 6 October 2008, Heinz launched a Golden Circle takeover bid. Phillip Cave advised that the take over bid of $1.65 per share ($288 million in total) was "attractive" for all shareholders, particularly given the current difficult economic conditions.<ref name="Heinz takeover bid">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
The Heinz takeover bid was finalised successfully on 19 December 2008.<ref>Heinz / Golden Circle Integration. "Heinz / Golden Circle IntegrationTemplate:Dead link" Article Dated 23FEB2009</ref>
Production changes & job loss
In May 2011 Golden Circle announced it would move beetroot production offshore to New Zealand affecting 160 Golden Circle jobs at the Northgate Plant.<ref>HEINZ Australia Cut Jobs. "[1] Template:Webarchive" Article Data 27-MAY-2011</ref> HEINZ Australia said it would instead invest more than $20 million at Northgate to upgrade its beverage manufacturing facilities.Template:Citation needed