Following the Australian Competition and Consumer Commission’s (ACCC) comments over a potential lack of competition should Saputo’s purchase of Murray Goulburn go ahead, the Canadian company has said it will sell the plant in question so its takeover...
The Australian Competition and Consumer Commission (ACCC) has expressed concerns over the proposed acquisition of the assets of Murray Goulburn by Canadian company Saputo.
Devondale Murray Goulburn, Australia’s largest dairy cooperative, hopes to meet increasing global demand for infant and follow-on formula with a AU$19m (US$17.5m, €12.9m) expansion of its Koroit plant.
Canadian dairy giant Saputo has secured a majority stake in Warrnambool Cheese and Butter (WCB) after a hard-fought, three-way battle to acquire the Australian dairy processor.
Murray Goulburn has asked the Australian Takeovers Panel to force Saputo to drop its recent “improved and simplified” offer for in-demand Warrnambool Cheese and Butter (WCB), and reinstate previously proposed special dividends.
Warrnambool Cheese and Butter (WCB) has again given its backing to the latest takeover bid by Canadian dairy giant Saputo, rejecting rival offer by Murray Goulburn and Bega Cheese.
Murray Goulburn is anticipating a long battle with Saputo to acquire fellow Australian dairy processor, Warrnambool Cheese and Butter Factory (WCB), after the Canadian dairy giant trumped its recent takeover offer with a per share bid worth approximately...
Murray Goulburn has challenged Canadian giant Saputo’s attempted acquisition of Warrnambool Cheese and Butter (WCB) with an offer that, if accepted, would create one of the largest Australian food and beverage firms.
Australian dairy cooperative, Murray Goulburn, has announced plans to spend A$19.1m ($19.9m, €15.4m) on the update and expansion of its Leongatha UHT milk manufacturing plant in an attempt to meet “immediate” export demand.
Australian dairy co-operative Murray Goulburn plans to invest approximately A$200m ($211m, €172m) over the next three years on expanding and updating its manufacturing capabilities.
Australian dairy processor Murray Goulburn Cooperative (MG) is facing legal action over plans to reduce its workforce by over 300 in an effort to reduce costs and improve competitiveness.
This week, Australian cooperative Murray Goulburn braces itself for strike action, Nestle expects easing commodity pressures and Dairy UK loses the support of the country’s farming union.
