Australia: Saputo to acquire Murray Goulburn
Saputo, a leading global dairy firm, has announced that it has reached an agreement to acquire its Australian counterpart Murray Goulburn for a purchase price of A$1.31 billion ($1.0 billion) on a debt-free basis, subject to shareholder approval and regulatory clearance. Murray Goulburn produces a full range of dairy products, including milk drinks, milk powder, cheese and […]
Australia: Murray Goulburn records A$31.9 million loss
Murray Goulburn, Australia’s largest dairy foods company, has posted a loss of A$31.9 million ($24.5 million) for the first half of its financial year. The firm booked 14.8% less revenue compared to the same period a year ago, attributed to lower supplies, production cuts on farms and adverse seasonal conditions. According to Murray Goulburn CEO […]
Australia: Murray Goulburn signs private label cheese deal with Coles
Dairy cooperative Murray Goulburn has signed a deal to become the supplier of private label cheese products to supermarket chain Coles from 2017, according to a report in Australian Food News. Commenting on the deal, Murray Goulburn said: “The contract includes the supply of a range of Coles brand cheddar-style cheese including tasty, colby, mild […]
Australia: Parmalat wins private label contract
It has been announced that Parmalat has won a five-year contract “to supply Woolworths’ private label milk in NSW and South Australia”. According to Food and Drinks Business News, the company was the successful contender a $100 million battle for the Woolworths’ private label brand contract after edging out rivals Lion and Murray Goulburn. Lion […]