operation. Burns Philp sold the corporate headquarters in Bridge Street, Sydney. One of the most significant subsidiaries of the business in terms of profit was Goodman Fielder, Australasia’s largest baker, which was floated in an IPO (initial public offering). In 2007 Burns, Philp sold its remaining 20% stake in Goodman Fielder for NZ$676 million. Change of control Since 1997 New Zealand businessman Graeme Hart has had an interest in Burns, Philp. He has been on the Board of Directors since 1997 and Chairman since 2004. In December 2006 Hart acquired the remaining 42% of Burns Philp he didn't already own and the company was delisted on 20 December 2006. After the sale of its yeast and spices business to UK firm Associated British Foods, Uncle Tobys to Nestlé for NZ$1.1bn, Bluebird Foods to PepsiCo for NZ$245 million, and its NZ$676 million 20% stake in Goodman Fielder the company became largely a cashed up shell. Burns Philp is wholly owned by Hart's private investment company Rank Group Limited. Heritage listings A number of building associated with Burns Philp are now heritage-listed: Burns Philp Building in Bridge Street, Sydney, listed on the New South Wales State Heritage Register Burns Philp Building in Normanton, Queensland, listed on the Queensland Heritage Register Burns Philp Building, in Townsville, Queensland, listed on the Queensland Heritage Register Burns Philp Building in Bowen, Queensland, listed on the Whitsunday Region Heritage Register. Awards Burns Philp was inducted into the Queensland Business Leaders Hall of Fame in 2009, for significant contributions made to the development of Queensland and its economy. References Further reading Links Queensland Business Leaders Hall of Fame Companies formerly listed on the Australian Securities Exchange Food and drink companies of Australia History of Kiribati Shipping companies of Australia Tourism in Papua New Guinea Australian people in whaling Australian ship owners