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Chinese group buys Kailis Bros

The Kailis family has folded its Kailis Bros seafood business into a larger, newly-capitalised venture called KB Foods that will be 90 per cent owned by Hong Kong-listed conglomerate Legend Holdings.

KB Foods will be managed by members of the Kailis family, with Matthew to become group CEO while his brothers George and Nicholas Kailis will continue as managing directors.

The Kailis family’s share of KB Foods will be 10 per cent.

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Comments

Mt. Richon
I can imagine Michael Kailis Sr turning in his grave. Knew Michael and his wife Patricia (Hurst) when they first opened their operations in Dongara so many years ago. Sad to think its in the hands of overseas company now :(

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