PFT’s growth strategy is twofold:
- organically grow its existing pate and Woodbridge product range and;
- grow via the acquisition of complementary businesses.
Organic growth will be achieved through increased penetration of existing markets, entry into new markets with a focus on exports and new product development. Significantly, the move to the new purpose-built facilities in Mornington, Hobart provides a platform for the Company to increase pate production, improve operating efficiencies, develop a range of new products and obtain an export licence to explore opportunities in overseas markets.
PFT also intends to grow through the acquisition of complementary businesses, with a focus on synergistic and similar premium food/ beverage businesses in Tasmania, as well as other complementary assets/businesses that align with its existing portfolio.