I was looking at the sugar industry today for investment purposes (ok, I'm procrastinating fixing an annoying bug ;). Its not an industry I know anything about so I found it interesting that Bundaberg Sugar and Bundy Rum are both foreign owned.
Bundaberg Sugar was sold first to Tate & Lyle PLC (the makers of Splenda amongst other products) in 1991, and then to Finasucre (a Belgian company with global sugar investments) in 2000.
Bundy Rum is now owned by Diageo, the world's largest beer, wine & spirits producer. They own well known brands such as Guinness, Johnnie Walker, Baileys and many others.
Both still operate in Australia so at least they still employ locals.
Fans of Bundaberg Ginger Beer will be happy that its still Aussie owned ... at least as far as I can tell. :) Its brewed by Bundaberg Brewed Drinks Pty Ltd.
