Australia’s third-largest company Dairy Farmers has reportedly closed the first round of bidding in the A$920m (US$839.2m) sale of the business.
Go deeper with GlobalData
Domestic and international groups, including co-operative Murray Goulburn and Italian dairy giant Parmalat, have been reported to be interested in Dairy Farmers, which will now seek second and final offers for the company.
According to a Reuters report, Kirin’s Australian arm National Foods is also among the suitors looking to buy the dairy firm.
In February, Kazuyasu Kato, president of Japanese food and beverage group Kirin, said he considered Dairy Farmers a sound strategic fit for National Foods.
The Japanese brewery paid A$2bn for National Foods, Australia’s largest dairy and juice maker, last November.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
