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Foodmach Sells OutProvided by:Foodmach 29/08/2002 - Foodmach employees have taken the opportunity to share ownership of their materials handling solutions business. Formerly a wholly owned subsidiary of the Hunt Group, Foodmach Pty Ltd will now function as an 'and staff' business, spreading the rewards of ownership. Previous Foodmach directors Glenn Ford, Dallas Coote, Peter Marks, Murray Grant and Malcom Nurse will head the new management team. The restructure was triggered by the retirement of founder and managing director Ron Bailey who retains a shareholding and will contribute on a consulting basis. Foodmach will maintain an alliance with SMI, the Italian wrapper and packer manufacturer, through SMI's new Pacific branch. News Articles
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