The acquisition will see Nepean River Dairy’s manufacturing capabilities and product portfolio merged under the Nature One Dairy brand, focusing on the promotion of the Nature One Dairy brand for both powder and liquid based products in addition to existing contract packing opportunities available to both the liquid nutritional and powder-based products.
Nepean River Dairy’s manufacturing capabilities include its facility in Sydney, which has the capacity to produce 60m liters of UHT per annum.
Production is expected to increase to more than 100m liters in capacity over the medium term in-line with increased domestic and offshore customer demand.
Nature One Dairy said the completion of the acquisition is a key step in its intent to progress an IPO and lodge a full form prospectus by November 2021 to support an ASX listing.
Nature One Dairy founder and CEO Nick Dimopoulos, said, “We’re thrilled to have finalized the acquisition of Nepean River Dairy. It’s a key acquisition for our business as we continue to maximize control of our supply chain from order to customer in both liquid and powder products.
“We’re looking forward to formally welcoming the Nepean River Dairy team and ensuring the customers from both sides of the business are able to realize the benefits that the partnership has to offer.”