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 Jun 2024)
Praise
Criticism
Information
Prydes Confectionery Holdings Pty Ltd
Praise
Criticism
Information
Palm oil rating - WAZA
The PalmOil Scan app, produced by the World Association of Zoos and Aquariums (WAZA), rates companies on their commitment to sourcing sustainable palm oil. Companies are scored on their use of certified sustainable palm oil (CSPO), commitment to sourcing CSPO, on-the-ground conservation action, and membership to the RSPO. Companies can earn a rating of Excellent, Good, Poor or No Commitment. This company is rated "Poor" (retrieved 18 Nov 2023).
Source: WAZA
(2023)
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 However in 2018 they were withdrawn for not meeting one or more of their APCO Member obligations.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)
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