Freedom Foods Group Ltd. is engaged in the manufacture and sale of food products. It operates through the following segments: Freedom Foods, Pactum, Pactum Dairy Group, Paramount, and Freedom Foods North America. The Freedom Foods segment produces cereals, snack bars, soy, almond, rice beverages, and allergen-free foods. The Pactum segment covers ultra-high temperature food and beverage products. The Pactum Dairy Group segment manufactures and sells ultra-high temperature milk and dairy goods. The Freedom Foods North America segment offers a range of allergen-free, low sugar or salt, and highly fortified or functional products. The company was founded in 1990 and is headquartered in Taren Point, Australia.
CMI Limited (CMI) has rejoined the A1 club. Competitor ARB Corp (ARP) is also rated A1 by Skaffold. Whilst ARB’s business model is focused on the manufacture and distribution of 4x4 accessories for recreational 4WD vehicles, CMI’s expands beyond 4WD accessories to include specialist cabling and electrical products for a range of industry sectors that includes light commercial and heavy transport vehicles. Unfortunately both companies are trading at prices higher than Skaffold’s intrinsic value estimate.