Saputo has a unique opportunity to play a pivotal role in reforming the Australian dairy industry following its pending takeover of Murray Goulburn, according to a key industry group.
Shareholders of Murray Goulburn have voted in favour of a proposed $1.3 billion takeover by Canadian dairy giant Saputo.
The ACCC says its concerns are solely in relation to Murray Goulburn’s Koroit dairy plant in western Victoria, in particular the impact the acquisition will have on competition for farmers’ milk in the area.
Murray Goulburn has experienced a 30 per cent drop in milk intake, as it waits for its sale to Canadian dairy giant Saputo to be approved.
Dairy processor Murray Goulburn has sold of its Edith Creek facility in Tasmania to Dutch Mill, a local subsidiary of Dutch Mill group of Thailand.
Saputo Dairy Australia, the local arm of the Canadian dairy giant has made a deal to buy the troubled Australian co-operative Murray Goulburn for $1.3 billion.
Dairy co-operative Murray Goulburn has avoided speculation around who will buy it out, saying there is no certainty that any transaction will even eventuate.
Danone Murray Goulburn has launched Yopro, an Australian high protein yoghurt with 15g of protein, no added sugar, no artificial sweeteners and less than 0.5 per cent fat.
Dairy co-operative Murray Goulburn has lifted its opening farmgate milk price by 50 cents to $5.20 kg MS.
For the last six years, big players in the dairy industry including Murray Goulburn, Parmalat, Fonterra, and Lion Dairy and Drinks, have come together to help Foodbank provide more than 8 million litres of milk to vulnerable Australians experiencing food insecurity. “Our charity partners regularly inform us that people who are struggling to put food on … Continue reading Dairy industry comes together to help fight hunger in Australia
Murray Goulburn announced on 6 June in a statement to the ASX that it would pay just $4.70 kg/MS for its milk at the beginning of the 2018 financial year.
Troubled dairy co-operative Murray Goulburn has announced John Spark as the replacement for outgoing Chairman Philip Tracy.
Australia’s largest dairy processor Murray Goulburn has posted a heavy first half loss of $31.9m, following lower supplies and adverse weather conditions.
Dairy processor Murray Goulburn has announced Mark Clark will join the Board as an independent non-executive director.
Dairy processor Murray Goulburn will increase the amount it pays suppliers for milk, though the amount will still be less than it costs those farmers to produce it.
Dairy co-operative Murray Goulburn has increased net profit by 61.2 per cent, despite a turbulent year in which it retrospectively cut its farmgate milk price.
Dairy Co-Operative Murray Goulburn (MG) has again defended its retrospective farmgate milk price cuts and denied it didn’t warn suppliers about its financial position early enough.
Dairy processor Murray Goulburn has lost the $100 million contract to supply Woolworths’ private label cheese, following a competitive tender process.
Murray Goulburn will fight a class action claiming the dairy co-operative allegedly made misleading claims in its Product Disclosure Statement last year.
Dairy co-operative Murray Goulburn said on Wednesday that Special Director, Kiera Grant has resigned from its board.