Confectionery manufacturer
Est 1934. Acquired by Australian Sweets in 2006, who went into receivership in 2008. Acquired by Sanchez Group Australia in 2009. Most of their business is contract manufacturing, with clients like Darrell Lea, Metcash/IGA and The Reject Shop.
Company Ownership
Prydes Confectionery Holdings Pty Ltd
AUS
Sanchez Group Property Pty Ltd
owns 100% of Prydes Confectionery Holdings Pty Ltd
AUS
Property investment
Investor in distressed industrial property assets. The Group's investment portfolio is valued at $100 million with core assets in Sydney and Newcastle. They recently diversified into acquiring operational businesses out of insolvency, which currently includes three confectionery manufacturing companies (Prydes, Betta Foods & Snow's Confectionery) to form one of Australia's largest privately owned confectionery companies.
Company Assessment
(Last updated Mar 2025)
Praise
Criticism
Information
Prydes Confectionery Holdings Pty Ltd
Praise
Criticism
Information
Previous Packaging Covenant signatory
This company was a signatory to the Australian Packaging Covenant, a voluntary agreement to encourage waste minimisation. However in 2018 they were withdrawn for not meeting one or more of their APCO Member obligations.
Source: APCO
(2024)
Palm oil rating - WAZA
The PalmOil Scan app, developed by the World Association of Zoos and Aquariums (WAZA), rates companies based on their commitment to sustainable palm oil. Companies are evaluated on their use of certified sustainable palm oil (CSPO), conservation efforts, sourcing practices, and RSPO membership. Ratings range from Excellent to No Commitment. This company is rated "Poor" (retrieved 4 Feb 2025). However, scoring is largely dependent on reporting to the RSPO, and smaller companies may avoid membership because of the associated fees and paperwork. Therefore this criticism has not been heavily weighted.
Source: WAZA
(2025)
Sanchez Group Property Pty Ltd
No assessment data currently available for Sanchez Group Property Pty Ltd.
Company Details
Type:
Wholly-owned subsidiary
Revenue:
35 million AUD
(2010)
Employees:
82
(2010)
Subsidiaries:
Snow Confectionery Pty Ltd
Confectionery manufacturer
Australian owned manufacturer and packer of 'private label', 'house brand' and 'branded' sugar and sugar free confectionery. Went into administration in Dec 2010 and subsequently acquired by Sanchez Group Australia.
Betta Foods (Aust) Pty Ltd
Ice cream cones and confectionery
Betta Foods has been operating in Australia since 1954. They have a manufacturing facility in Broadmeadows, Victoria. Acquired by international investment company Re:Capital in Oct 2014 and went into voluntary administration in Jan 2015. Acquired by Prydes Confectionery in Mar 2015.
Contact Details
Address:
34 Davis Rd, Wetherill Park, NSW, 2164, Australia
Phone:
02 9756 2345
Website:
Products / Brands
Prydes Confectionery Co
Betta
Sweets & Lollies
Capricorn
Sweets & Lollies
Prydes
Sweets & Lollies
WOW
Sweets & Lollies
WOW
Mints & Gum