Pure Foods Tasmania owns brands including Woodbridge Smokehouse salmon, Daly Potato Co. and The Cashew Creamery.
CEO Michael Cooper aims to grow 10 times larger to a point where annual revenues are $100 million.
The company has hired investment bank Kidder Williams to help fire up growth, with acquisitions on the cards.
Tubs of potato and gravy under the Daly Potato Co. brand are on the shelves at both Woolworths and Coles supermarkets.
Pure Foods Tasmania says it has aspirations to become as successful as Tassal, the last major locally listed aquaculture company until its sale to Canadian firm Cooke for $1.1 billion last year, as it eyes fresh acquisitions in a bid to grow tenfold.
The company’s chief executive, Michael Cooper, said the group aims to reach $100 million in annual revenue, a step-up from the $10 million it is now generating.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
