AUSTRALIA: Managing director of Dairy Farmers to step down
Alan Tooth, the long-serving managing director of milk processor Dairy Farmers is set to bring forward his retirement to before the end of this year. Tooth's successor is now likely to address shareholders at Dairy Farmers' annual convention in November. Speculation amongst industry analysts is currently focused on a possible takeover bid for Australia's National Foods. It is believed that Danone of France or New Zealand mega-dairy Fonterra, possibly in conjunction with Dairy Farmers, will make a bid for the company. National Foods might then be broken up, with its surplus assets sold off to companies such as Italian beverages and dairy group Parmalat.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- 2017: three major drivers of M&A strategy
- just-food 2017 Survey - your thoughts on growth
- Food market in 2017: need-to-know US trends
- 2017 - what will shape the UK food sector?
- Could BRF's Turkey move pave way for OneFoods IPO?
- Premier Foods issues profit warning
- UK's Bakkavor plays down IPO "speculation"
- Ferrero insists Nutella not pulled from shelves
- Lindt sees FY sales acceleration on Europe growth
- Unilever sets packaging target