Core Tip: Meat packing firm Hilton Food Group has announced a new joint venture with Woolworths − Australia’s largest retailer − in its latest trading statement for the 52 weeks to December 30.
The joint venture has been established through a new company, Woolworths Meat Co, which is 50% owned by a new Hilton subsidiary, Hilton Foods Asia Pacific, and 50% owned by Woolworths.
The business will operate the Banbury Meat Centre, near Perth, Western Australia under an agreement starting soon. Banbury currently supplies 84 Woolworth stores in Western Australia with a range of fresh meat including beef, lamb and pork.