Warrnambool Cheese and Butter has been given approval to jointly take over Dairy Farmers.
The south-west Victorian company is involved in a joint venture with National Foods to acquire the dairy cooperative.
The Australian Competition and Consumer Commission (ACCC) has ruled the takeover will not be anti-competitive as long as National Foods sells several milk factories in New South Wales.
Warrnambool Cheese and Butter’s chief executive, Neil Kearney, said the company is now a step closer to the takeover.
“The ACCC were a very important step, it’s a requirement in an acquisition of this size to have ACCC approval and for the National Foods and Warrnambool Cheese and Butter bid that approval is now in place,” he said.
For further information contact:
Warrnambool Cheese and Butter
wcbf@wcbf.com.au
www.wcbf.com.au