Latest Dairy Farmers Stories
National Foods has announced that it will acquire all of the shares in Australian Co-operative Foods, which trades as Dairy Farmers, for a cash consideration of A$5.65 per share. This equates to an enterprise value of A$910 million for the cooperative.
Tokyo, Aug. 25 (Jiji Press)--Major Japanese beverage company Kirin Holdings Co. said Monday that Melbourne-based wholly owned subsidiary National Foods Ltd., Australia's biggest dairy company, will purchase second-ranking Sydney-based Dairy Farmers.
By james knock Gloucestershire farmers fear they will become pawns in a bitter price war between supermarkets as the battle to win back customers escalates. Major supermarkets have announced a new round of price cuts in an attempt to lure consumers away from budget stores such as Aldi and Lidl.
John Bluett believes most dairy farmers will find value in new guidelines aimed at helping them with the Resource Management Act (RMA).
CHEESE and milk producer Dairy Crest said yesterday it was continuing to pass on higher milk costs to customers as inflationary pressure showed no signs of abating.
Cheese and milk producer Dairy Crest is continuing to pass on higher milk costs to customers as inflationary pressure showed no signs of abating.
THOSE in the tractor parts supply business are enjoying busy times too, says Kevin Lowe (Stratford) the owner of Taranaki Tractor Dismantlers Ltd. "I'm run off my feet at the moment but I don't know whether that's because of the record dairy payout or other factors," he says.
In an attempt to obtain the clearance to bid for Dairy Farmers, National Foods has offered to sell two milk processing plants. National Foods has proposed to make a joint bid with Warrnambool Cheese and Butter Factory for Dairy Farmers, which is valued at up to A$1 billion.
NEW ZEALAND dairy co-operative Fonterra and National Foods are working together on a possible joint bid for Australia's Dairy Farmers, the dairy producer said.
Fonterra has abandoned its own bid for Australian co-op Dairy Farmers to play second fiddle to National Foods. Dairy Farmers said yesterday that it had granted National Foods and Fonterra permission to work together to decide terms to enhance the National Foods-led bid.