Buderim Group receives $8.3M bid for ginger assets

Buderim Ginger Drinks
  • 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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