Murray Goulburn Kiewa Country Milk to regional VIC dairy group
Murray Goulburn dairy co-operative has sold the Kiewa Country Milk brand to regional Victoria’s Kyvalley Dairy Group.
The acquisition price has not been disclosed.
Kyvalley Dairy Group is located in Kyabram in northern Victoria. It is owned by brothers Wayne Peter and David Mulcahy. The Mulcahy family has been part of the Australian dairy industry for 160 years.
Kyvalley Dairy Group currently employs over 120 staff and supplies fresh milk products to the Asia Pacific region. The group has also been a supplier to the A2 Milk Company since 2002.
Peter Mulcahy said Kyvalley Dairy believes in the Australian dairy industry and is investing in its future.
“With the purchase of Kiewa Country, we are continuing our support of local communities,” Mulcahy said.
Chief Executive Officer of Kyvalley Dairy, Alistair McCredden, said the acquisition will support job growth in regional Victoria.
“As a family owned fresh milk business this purchase provides an opportunity to relaunch a cherished brand and continue jobs growth in regional Victoria,” McCredden said.