Buderim Group receives $8.3M bid for ginger assets

Buderim Group (BUG) has received an $8.3 million bid for its ginger and related tourism assets from Global Foods Group
The sale will include The Ginger Factory in Queensland, the ‘Buderim Ginger’ and ‘The Ginger Factory’ brands, and subsidiary entities Frespac Ginger and Ginger Head Quarters
Following the announcement of a strategic review in 2018, Buderim has decided to focus more on its premium macadamia and branded specialty food segments
It’s thought that the investments required to bring the ginger business to its full potential outweigh the anticipated returns
Buderim Group shares are trading 9.68 per cent higher today for 17 cents each

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