Freedom Nutritional Products (FNP)

Shares / Stock Code

FNP

Stock Exchange / Sharemarket

Australian Securities Exchange

Freedom Nutritional Products (FNP), formerly So Natural Foods Australia Limited (SNF) is involved in the manufacture, sale and contract packing of long life beverages. The company presently has four business streams comprising Soy & Rice Beverages, Seafood, Functional Cereals and Snacks and investment in Thorpedo Foods Pty Ltd. SNF's product range consists of: Paramount, Australia's Own, Thorpedo Foods, So Natural and Freedom Foods.

The Company operates in three segments: seafood, freedom foods and thorpedo foods. Seafood segment includes a range of canned seafood covering sardines, salmon, tuna and specialty seafood. These products are produced overseas and sold in Australia and overseas. Freedom foods segment includes range of products for consumers requiring a solution to specific dietary or medical conditions, including gluten free, wheat free, low sugar or salt or highly fortified. The product range covers breakfast cereals, cookies, snack bars, soy and rice beverage, frozen prepared foods and other complimentary products. Thorpedo foods segment includes a range of low GI beverages.

FNP is a provider of functional and nutritional foods to the Australian market. The company aims to build a leading position in the market through organic growth and a combination of acquisition, joint venture, strategic partnerships and marketing support with other firms in the industry.

Major customers consist of local retailers, healthcare professionals, supermarkets and specialised nutritional shops. FNP's competitors are firms that offer similar products of nutritional value on the market and this may lead to a competitor to exert pressure on FNP through competitive pricing strategies.

Freedom Nutritional Products History

FNP, formerly SNF, was formed in 1984 and its involvement in soy and rice beverages has been a significant part of this firm. In 2003 SNF entered the canned seafood market with the acquisition of a leading canned salmon business in Australia. This has grown further with the acquisition of the Brunswick Seafoods brand in Australia and NZ. In May 2004 the company entered a unique joint venture arrangement with Olympian Ian Thorpe (Thorpedo Foods Pty Ltd). FNP was renamed to its current name in Feb 2007.

Freedom Nutritional Products (FNP) Products and Services

  • Manufacture, sale and contract packing of long life beverages

Freedom Nutritional Products (FNP) Locations and Subsidiaries

Freedom Nutritional Products Head Office
80 Box Road,
TAREN POINT, NSW 2229
Phone: (02) 9526 2555
Fax: (02) 9525 5406

Freedom Nutritional Products (FNP) Share Price

Submitted by ASX Listed Company on 24 March, 2010 - 23:55

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