South Australia, we have some of the best things in life – Haighs Chocolates, Menz Fruchocs, Balfours Frog Cakes… the list goes on. It also includes Barossa Fine Foods and Angelakis Bros. which have now joined forces.
South Australian family-owned smallgoods business Barossa Fine Foods has acquired Adelaide seafood, poultry and game company Angelakis Bros. – bringing together two of the state’s most recognised food brands.
Barossa Fine Foods Chief Executive Andreas Knoll said the acquisition is the start of an exciting new chapter for two iconic SA businesses.
“Angelakis was established in 1960 and has a rich history in South Australia, just like Barossa Fine Foods which has grown from a single shop in Adelaide, in 1991, to nine stores in SA and Victoria,” Mr Knoll said.
“This deal brings two brands, which are household names in SA, together.
“The Angelakis brand has a great reputation for quality and consistency – attributes it shares with Barossa Fine Foods.”
The acquisition means Barossa Fine Foods’ staff numbers will swell from 230 to 315, while annual revenue will jump from $40 million to $70 million.
Angelakis will continue to trade under its current name, as will Barossa Fine Foods.
Mr Knoll said buying Angelakis will enable Barossa Fine Foods to diversify its offering and solidify relationships with all major SA and national retailers, including Woolworths and Coles.
It will also be an opportunity for Barossa Fine Foods to move into direct food service – trade with restaurants, hotels and retailers – which accounted for 45 per cent of Angelakis’ sales in 2017.
“It gives us a really good pathway into direct food service which is somewhere we have not concentrated in the past due to the complexity of the market,” Mr Knoll said.
“Angelakis is very strong in food service and we see this as a way of exposing our products to a new audience.”
Angelakis Bros. is an importer, wholesaler and retailer of seafood, poultry and game to customers Australia-wide.
Its product range includes fresh, frozen, processed and marinated seafood, as well as poultry and game. Among its key customers are Coles, the Woolworths Group, Foodland and Costco.
Angelakis has three retail outlets in SA – in the Central Market, Stirling and Burnside – and has a fully-equipped seafood processing plant and wholesale outlet in Adelaide’s CBD.
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Barossa Fine Foods has eight retail outlets in SA and Victoria, with a head office in Edinburgh, north of Adelaide.
The smallgoods maker carries almost 600 product lines and is stocked by about 300 retailers nationwide.
The deal comes as Barossa Fine Foods unveils its fresh identity with updated product packaging, plans to expand into new eastern seaboards markets and expectations of growth and more jobs.
Angelakis has received numerous industry awards, including The Restaurant and Catering Award for Best Supplier to Hospitality and the South Australia Fishing Industry Award for being leading seafood processors.
Barossa Fine Foods is also a multi award-winning business and has won myriad accolades for products such as its ham on the bone, a gold medal winner at the Australian Food Awards, and its chicken cheese kransky awarded gold at the Sydney Royal Fine Food Show.