Freedom Foods has acquired land for a proposed new integrated Aseptic (UHT) production and logistics facility in south west Sydney.
The company has acquired approximately 66,000 sq. metres of land at Ingleburn for $16.6 million (excluding stamp duty).
The new facility will significantly expand capacity and improve on efficiency, when compared to current operations.
The company has been granted local council approval for the proposed development, with construction on a first stage warehouse facility expected to commence in July 2015, with construction of the adjacent processing and filling facility commencing later in the first half of FY 2016.
The acquisition was funded through finance facilities and other assets, with long term financing secured at a funding rate of less than five percent.