AUS: Murray Goulburn silent over Peters Ice Cream acquisition talk

By Hannah Abdulla | 4 February 2014

Murray Goulburn has refused to comment on speculation it is looking to takeover Peters Ice Cream

Murray Goulburn has refused to comment on speculation it is looking to takeover Peters Ice Cream

Australian dairy co-operative Murray Goulburn has declined to comment on speculation it is looking to buy Peters Ice Cream.

The ice cream firm is reportedly for sale again after being sold to private-equity firm Pacific Equity Partners for an undisclosed sum by Nestle in 2012.

According to The Australian, Pacific Equity Partners "could be looking close to double the $250m it paid" when it bought Peters Ice Cream. 

However a spokesperson for Murray Goulburn told just-food the company "doesn't comment on rumour and speculation".

Last month, Murray Goulburn withdrew from the race to buy Australian dairy processor Warrnambool Cheese and Butter Factory. Already a shareholder in WCB, Murray Goulburn had fought to buy the business outright.

However, investors accepted a rival bid from Canadian dairy giant Saputo. When Saputo's stake in WCB crossed 50%, Murray Goulburn said it would tender its shares.

Murray Goulburn MD Gary Helou said the proceeds from the sale of its 17.7% stake in WCB would "support our plans to reinvest in our business and to grow market share in Australia and expanding internationally". He said Murray Goulburn had a "vision of creating a globally-significant successful dairy foods business".

Peters Ice Cream's portfolio includes brands such as Drumstick, Connoisseur, Maxibon, Skinny Cow, Billabong, Heaven, and Frosty Fruits.

Sectors: Dairy, Ice cream, Mergers & acquisitions

Companies: Murray Goulburn

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