Marcus Derwin, the new managing director at Australia’s largest privately-owned milk processor United Dairy Power, has said the company will continue to trade, despite its parent entering receivership.

Rabobank forced UDP’s parent company, Hong Kong-owned Five Star United Food, into receivership on 10 November. “It is very much business as usual at UDP, with the company making payments to its suppliers in the ordinary course,” Derwin told just-food.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Rabobank appointed Derwin as chief of Five Star United Food, which also owns Australia’s UD Power, UP Transport and UD Products. He claimed the future is bright for UDP with “a good business, a good supply chain and a strong brand”, he said.

UDP collects up to 4% of Australia’s milk, its staff of more than 150 processing about 200m litres annually. Derwin said “taking stock and stabilising the business were now his priorities”.

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now