Pure Foods Tasmania (ASX:PFT) is an ASX listed premium foods company with a wide variety of Tasmanian based brands such as Tasmanian Pate, Woodbridge Smokehouse and Daly Potato Co. Tasmanian Pate is one of Australia’s largest pate businesses and supplier to many large retail outlets including Costco, Aldi and Woolworths. The subsidary has been operating since 1996; and produces a wide range of premium pates in a variety of packaging sizes from 125g through to 1kg catering packs.
Woodbridge is a boutique producer of ultra-premium Tasmanian smoked salmon and trout and has been operating since 2004. Salmon and trout are sourced locally and then smoked and processed at Woodbridge’s purpose-built smokehouse and processing facility, located on a 25-acre apple orchard on the south-east coast of Tasmania. Woodbridge’s products have won a range of awards and over 60% of its products are exported to Asian markets (principally Singapore and Hong Kong) and sold to high-end food services and retailers throughout Australia.
The company is looking to implement a two pronged growth strategy by organically growing its existing pate and Woodbridge product range along with the acquisition of complementary businesses. Organic growth will be achieved through increased penetration of existing markets, entry into new markets with a focus on exports and new product development. PFT also intends to grow through the acquisition of complementary businesses, with a focus on synergistic and similar premium food/ beverage businesses in Tasmania, as well as other complementary assets/businesses that align with its existing portfolio.