Murray Goulburn Co-operative

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Focus: Eyeing Asia, Saputo buys Aussie dairy giant

Dean Best weighs up why Saputo has moved to buy the embattled Australian dairy group....

Murray Goulburn results and review - takeaways

Murray Goulburn has just closed what its CEO has called a "difficult" 12 months. In reality, it has been tough for the Australia-based dairy...


Katy Askew | 26 Aug 2016

Embattled Australian milk processor Murray Goulburn reported its full-year results this week. The company, which part-listed on the Australian stock exchange to raise capital during the period, was rounding off a difficult 12 months, during which it cut payments to its farmer-owners, issued a series of profit warnings and announced the departures of its CEO and CFO. The group's much-anticipated financial update revealed lower sales but the firm managed to hit its revised profit target, which had been lowered earlier in the year. Here are just-food's key takeaways.


Dean Best | 2 Apr 2014

Parmalat, majority-owned by French dairy giant Lactalis, has made a significant move to bolster its business in Australia 15 years after it first entered the market. Parmalat has snapped up Australian dairy and fruit juice firm Harvey Fresh, a deal industry watchers believe could help the Italian firm's local business and help it expand its presence in Asia. Dean Best reports.


Dean Best | 14 Nov 2013

Two of the bidders for Warrnambool Cheese and Butter Factory have this week made fresh offers for the Australian dairy. The focus now moves to the third suitor - Canadian dairy giant Saputo, which has long coveted an entry into the market and is eyeing the business as a way into Asia.


Katy Askew | 4 Nov 2013

The battle to acquire Warrnambool Cheese and Butter Factory has evolved into a complex series of tactical manoeuvres that could make Sun Tzu's The Art of War seem like light reading. Since the first takeover approach was announced, the tussle for WCB has seen industry majors Saputo, Murray Goulburn and Bega Cheese competing for ownership of the Australian dairy. With the stakes high, it is clear that it is all still to play for. Katy Askew reports.

Latest News

Andy Coyne | 15 Dec 2017

Australian dairy cooperative Murray Goulburn has revealed that its agreed settlement in relation to an investigation into milk prices will entail it paying a penalty of AUD650,000 (US$498,459).


just-food.com | 15 Dec 2017

just-food presents the key metrics from company financials in bitesize format, with analyst insight and social media comment alongside graphs illustrating a business' historical performance to give you an easy-to-read digest of the numbers you need to know.


Andy Coyne | 29 Nov 2017

Australian dairy cooperative Murray Goulburn's Edith Creek site in Tasmania has received an eleventh hour reprieve.


Simon Harvey | 21 Nov 2017

Australian dairy cooperative Murray Goulburn plans to eliminate about 70 jobs across multiple sites as part of a cost-efficiency drive, just weeks after Canada's Saputo struck a deal to buy the struggling business.


Dean Best | 17 Nov 2017

Murray Goulburn, the Australian dairy co-op, has settled with the country's corporate watchdog over claims the Devondale owner misled farmers about the price the business would pay for milk.


Andy Coyne | 3 Nov 2017

Canadian dairy business Saputo has given an insight into its plans to improve the fortunes of Murray Goulburn, the Australian dairy cooperative it struck a deal to buy last week for CAD1.29bn (US$1.01bn).


Simon Harvey | 27 Oct 2017

Canada's Saputo has agreed to buy struggling Australian dairy cooperative Murray Goulburn for CAD1.29bn (US$1bn), ending months of speculation over a potential suitor.


Simon Harvey | 26 Oct 2017

Bega Cheese said today (26 October) it is "no longer a potential purchaser'' for troubled Australian dairy cooperative Murray Goulburn, but suggested it may be open to other acquisitions.


Andy Coyne | 25 Sep 2017

New Zealand-owned dairy giant Fonterra has confirmed it has made an approach for embattled dairy cooperative Murray Goulburn.


Andy Coyne | 22 Sep 2017

Chinese dairy company Yili has denied stories in the press that it had made a substantial bid for Australian peer Murray Goulburn.


Andy Coyne | 21 Sep 2017

Up-for-sale Australian dairy processor Murray Goulburn has confirmed it has had approaches from a number of suitors interested in either buying some assets or taking over the whole co-operative.


Dean Best | 18 Sep 2017

Arla Foods has dismissed a report in Australia the European dairy giant was set to enter the bidding for local co-op Murray Goulburn.


Dean Best | 7 Sep 2017

New Zealand-based dairy and infant formula business A2 Milk Co. has been reported to be interested in buying assets from Australian co-op Murray Goulburn.


Dean Best | 6 Sep 2017

Dairy companies including Australia’s Goodman Fielder and Bega Cheese, as well as Italian giant Parmalat, are reported to be eyeing under-pressure Aussie cooperative Murray Goulburn.


Simon Harvey | 5 Sep 2017

Danone and Murray Goulburn have launched YoPRO high-protein yogurt in Australia, a product with no added sugar, no artificial flavours and less than 0.5% fat, as the company targets on-the-go consumers.


Andy Coyne | 29 Aug 2017

Kyvalley Dairy Group has been revealed as the mystery buyer of embattled Australian dairy group Murray Goulburn's Kiewa Country milk brand.


Dean Best | 22 Aug 2017

Murray Goulburn has attracted interest from unnamed parties considering buying part or all of the embattled Australian dairy group.


Dean Best | 22 Aug 2017

Embattled Australian dairy group Murray Goulburn today (22 August) booked annual losses of more than AUD370m (US$248.9m) and a 10% fall in revenues.


Dean Best | 14 Jul 2017

Australian dairy co-op Murray Goulburn is to shut offices in Dubai and Singapore as part of changes the company, trying to improve its performance, is making to its export operations.


Ben Cooper | 30 Jun 2017

The Australian Dairy Industry Council (ADIC) has launched a voluntary code of practice to govern contractual arrangements between companies and dairy farmers.


Katy Askew | 6 Jun 2017

Australian dairy cooperative Murray Goulburn is launching a "comprehensive" review that it said will look at "all aspects" of strategy and corporate structure.


John Shepherd | 2 Jun 2017

Australian dairy cooperative Murray Goulburn said today (2 June) it is scrapping some of its products later this year following its decision to close three processing sites.


John Shepherd | 16 May 2017

Australian dairy cooperative Murray Goulburn today (16 May) announced the appointment of David Mallinson as chief financial officer with effect from 1 June.


John Shepherd | 2 May 2017

Australian dairy cooperative Murray Goulburn today (2 May) said it will close three processing facilities with the loss of around 360 jobs as part of a raft of cost-cutting measures to combat the effect of falling milk supplies.

Latest blogs

Dean Best | 28 Aug 2016

just-food is closed on Monday (29 August) for a public holiday but, while we down tools, catch up on some must-read insight and interviews.


Dean Best | 11 May 2016

Talking with our readers, a common problem among them is their battle to keep tabs on the changes to regulations in China. And the recent moves Beijing has made to revamp its rules around e-commerce have brought that concern into sharp relief.

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Dairy in Australia

Dairy in Australia

Dairy in Australia industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2012-16, and forecast to 2021). The profil...

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