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Murray Goulburn sell Edith Creek to Thai backed group

  • By: Farm Tender "Prime"
  • Nov 30, 2017

Murray Goulburn Co-operative Co. Limited (MG) today announces the sale of its Edith Creek facility in Tasmania to Dutch Mill (Australia) Pty Ltd, a local subsidiary of Dutch Mill group of Thailand, a privately held processor and marketer of milk and milk products throughout Asia.

The transaction includes the Edith Creek land and all assets associated with the site. The transaction will not alter MG’s previously announced closure of the site on 30 November 2017 which will still proceed. Completion of the sale transaction is expected in early 2018.

MG’s Chief Executive Officer, Ari Mervis, said: “We thank Edith Creek employees for their significant contribution to MG. The decision to close this processing site was difficult to make, however a necessary step on the journey to ensure the competitiveness of MG. We congratulate Dutch Mill on their acquisition of Edith Creek, and wish them well for the future.”

http://www.mgc.com.au/