Murray Goulburn Co-operative

Food industry company news

Subscribe via RSSWhat is RSS?

Latest Articles

Saputo to sell Koroit dairy plant to Australia's Bega Cheese

18 Jul 2018

Saputo has agreed to sell the Koroit plant in Australia to local firm Bega Cheese for around CAD244m (US$184.3m) as part of a condition entered into with competition authorities when the Canadian dairy business acquired Murray Goulburn.

Food industry M&A eases in April versus Q1 - data

4 May 2018

just-food's index of M&A in the packaged food sector highlights the volume of deals being announced, as company strategists look to M&A to gain an edge on their competition.

Murray Goulburn CEO Ari Mervis to stand down when Saputo deal completed

19 Apr 2018

Australian dairy giant Murray Goulburn has announced chief executive Ari Mervis is to leave his role following the company being sold to Canadian peer Saputo.

Australia's ACCC approves Saputo's takeover of Murray Goulburn

4 Apr 2018

Australia's competition watchdog has approved the US$1bn purchase of dairy processor Murray Goulburn by Saputo after the Canadian firm agreed to sell the Koroit milk powder plant, removing a barrier that had threatened to block the deal.

Saputo to sell off Murray Goulburn plant to satisfy Australian competition rules

6 Mar 2018

Canadian dairy business Saputo is to sell off Murray Goulburn (MG)'s Koroit milk powder plant, the Australian company has confirmed.

Bega Cheese linked with acquiring Murray Goulburn plant

5 Mar 2018

Australian dairy firm Bega Cheese has been linked with acquiring local peer Murray Goulburn's Koroit milk powder plant if it comes on to the market.

Saputo’s Murray Goulburn takeover sparks competition concerns

1 Mar 2018

Australia’s competition watchdog has raised concerns over the sale of local dairy group Murray Goulburn to Canada’s Saputo, which already has assets in the country.

Earnings summary - Lotus Bakeries posts "record'' 2017; Pioneer Food turnover drops on commodity prices; Fraser and Neave dairy gains crimped by drinks; Savencia FY sales up on higher prices

9 Feb 2018

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.

Loss-making Murray Goulburn casts doubt over viability if Saputo deal fails

7 Feb 2018

Australian dairy cooperative Murray Goulburn has warned the failure of a planned takeover by Canada's Saputo could trigger a chain of events that would cast doubt over the company's viability.

Decision on Murray Goulburn sale delayed

2 Feb 2018

Australia's competition watchdog has pushed back the date on which it is set to announce its verdict on Saputo's planned acquisition of the operating assets and liabilities of local dairy giant Murray Goulburn.

Earnings summary - Conagra Brands sees income rise; General Mills revises full-year guidance

21 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.

just-food in 2017 - our most-read news this year

21 Dec 2017

The news stories that got you clicking over the last 12 months.

Murray Goulburn to pay penalty following milk price probe

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).

Murray Goulburn sells Edith Creek site to Dutch Mill

29 Nov 2017

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

Murray Goulburn cost-efficiency drive to cut 70 jobs

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.

Murray Goulburn reaches settlement over milk-price claims

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.

Saputo confident it can turn around "distressed" Murray Goulburn

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).

Eyeing Asia, Saputo moves for Murray Goulburn - editor's viewpoint

30 Oct 2017

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

Canada's Saputo strikes deal to buy Murray Goulburn

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.

Bega Cheese rules out Murray Goulburn bid but suggests open to acquisitions

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.

Fonterra confirms bid for Murray Goulburn

25 Sep 2017

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

Yili denies reported bid for Murray Goulburn but admits "strategic proposal"

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.

Murray Goulburn confirms approaches from suitors

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.

Arla rejects talk of 'interest' in Murray Goulburn

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.

A2 Milk 'eyes Murray Goulburn'

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.

Goodman Fielder, Bega Cheese, Parmalat 'eye Murray Goulburn assets'

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.

Danone, Murray Goulburn launch YoPRO yogurt in Australia

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.

Buyer of Murray Goulburn's Kiewa Country milk brand revealed

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.

Murray Goulburn's FY results, outlook and strategic review - four things to learn

24 Aug 2017

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 foods and ingredients group for longer than that. In April 2016, the Devondale brand owner announced a cut to the price it paid suppliers for milk, issued a profit warning and the departures of its CEO and CFO. Current chief Ari Mervis joined Murray Goulburn in February this year and has seen the supply of milk into the business continue to fall, denting sales. Under Mervis, Murray Goulburn has embarked on a strategic review and this week, the company, alongside its 2016/17 results and 2017/18 outlook, spoke at length about the reappraisal of its business. Dean Best reports.

Murray Goulburn attracts interest from suitors

22 Aug 2017

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

1

3

4

5



Forgot your password?