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Goodman Fielder takeover proposal ‘undervalues’ company

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Goodman Fielder has rejected a takeover bid Food manufacturer Goodman Fielder has rejected a takeover proposal from agribusiness group Wilmar International Limited (Wilmar) and Hong Kong based investment...

Warrnambool surprises with $16 million profit increase for first half

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WCB has reported a profit increase of $16 million Warrnambool Cheese and Butter (WCB) has announced a half year net statutory operating profit after tax of $31.3 million, an increase of $16 million or...

Lion dairy business facing tough conditions, while Bega sees growth

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Australian-based dairy businesses have coped differently with 'difficult' market conditions Food and beverage company Lion has announced its Dairy and Drinks business experienced “significant...

Australian chocolatier acquired by UK investment company

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Hillier's Chocolates has been sold to the Australian arm of a UK investment firm Australia’s oldest chocolatier, Ernest Hillier Pty Ltd (Ernest Hillier), has been acquired by Re:Capital, the Australian...

Gloria Jean’s to shift to franchise-only business model

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Gloria Jean's will shift to a franchise-only business model Coffee store group Gloria Jean’s Coffees (Gloria Jean’s) will shift to a franchise-only business model, which will see up to 25 of its...

Another major Australian milk supplier gets snapped up

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Another major Australian milk supplier gets snapped up The sale of privately-owned dairy giant United Dairy Power to Hong Kong businessman William Hui is locked in, according to Stock & Land. It was...

Black Swan dips business for sale

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The Black Swan dips brand is for sale One of Australia’s largest dips brands, Black Swan, is for sale, seven months after it was placed into receivership. The receiver, finance and risk management consultants...

Lion to hold onto WCB shares, Murray Goulburn to sell its WCB shares to Saputo

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Murray Goulburn will sell its WCB shares to Saputo, Lion to retain for now Food and beverage company Lion has said it has no current intention to sell its share in Victorian dairy company Warrnambool Cheese...

Saputo takeover of WCB looks likely as Bega announces it will sell WCB shares to Saputo

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Bega to sell its WCB shares to Saputo New South Wales-based dairy company Bega Cheese Limited (Bega) has announced its intention to sell its 18.8 per cent shareholding in Warrnambool Cheese and Butter...

A Bright Food future as China-based group expands with WA cheese acquisition

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Mundella Foods has been acquired by China-based Bright Food Group China’s Bright Food Group Co Ltd (Bright Food) has agreed to buy Western Australian dairy company Mundella Foods, expanding the conglomerate’s...