Information AboutElders |
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It was founded in 1840 in South Australia by Alexander Lang Elder (1815 - 1885) as a trading company and commission agent for Wool and other agricultural products for sale back to Britain . Elder believed there were good business opportunities for trade out of the colony which had been newly proclaimed in December 1836. The company has had a number of name changes, usually as a result of mergers. In 1903 , it was known as ''Elder Smiths''. That year, it merged with George Shenton 's shipping business to form ''Elder Shenton and Co. Ltd.'' In 1974 , Elders IXL emerged when ''Elder Smith Goldsbrough Mort & Co Ltd'' merged with Henry Jones IXL under the managing directorship of prominent businessman John Elliott . The Henry Jones IXL business was subsequently sold in 1989 to The J.M. Smucker Co. based in the USA. The company acquired Carling O'Keefe in 1987 . In 1983 , Elders acquired Carlton And United Breweries and the combined entity was renamed Foster's Brewing Group in 1990 . In 1995 it was purchased by Futuris Corporation from the Fosters Group . Today it has a number of trading divisions and subsidiaries:
As well as an extensive regional branch network throughout Australia, it has offices in Germany , Japan , China and Korea . HISTORY OF MERGERS
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