Murray Goulburn sells Edith Creek site
Murray Goulburn has sold its Edith Creek facility to the Australian arm of Thai milk processor, Dutch Mill.
The sale price has not been disclosed.
Murray Goulburn had announced earlier that the Edith Creek facility, located in Tasmania, would be closing. The sale will not affect the closure which will still go ahead.
As part of the sale, Dutch Mill will acquire all of the site’s land and assets. The sale is expected to be complete in early 2018.
Murray Goulburn Chief Executive Officer, Ari Mervis, thanked the Edith Creek employees for their contributions.
“The decision to close this processing site was difficult to make, however a necessary step on the journey to ensure the competitiveness of MG,” Mervis said.
“We congratulate Dutch Mill on their acquisition of Edith Creek, and wish them well for the future.”
About Dutch Mill
Dutch Mill is one of Thailand’s largest manufacturers and marketers of dairy products. It was founded in 1984 under the name Pro Food Co. The company’s name changed to Dutch Mill in 1991.
Dutch Mill largely produces dairy products for countries located in Asia.
- Murray Goulburn cuts 70 jobs
- Murray Goulburn sells Kiewa Country Milk to regional VIC dairy group
- Murray Goulburn takes further drastic measures
Woolworths Limited (ASX: WOW) and Wesfarmers Ltd (ASX: WES) – owner of Coles – might be cheering abo...
Aldi will be opening more stores in both Western Australia and South Australia.
Woolworths has released a corporate responsibility strategy saying it will close its gender pay gap,...
A food safety warning has been issued telling Australians to be cautious of food poisoning when cook...
Unilever’s Continental is now selling three new cooking aid ranges in Australian supermarkets.
Amazon is ending its fresh food grocery offerings delivery service AmazonFresh in parts of nine stat...
South Australian pickled food producer Spring Gully Foods has cleared the debts that almost forced t...
DARRELL LEA’S upward trajectory since its 2012 collapse is gathering further momentum with its recen...