Parmalat has refused to be drawn on reports it is in talks to buy Australian dairy Harvey Fresh.
Reports in Australia have said Parmalat, majority-owned by French dairy giant Lactalis, is in discussions with Harvey Fresh, a family-owned business based in Western Australia.
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The link to Harvey Fresh comes as three bidders are battling it out for Australian dairy processor Warrnambool Cheese and Butter Factory.
Parmalat has built a sizeable business in Australia, with the market accounting for around 17% of its sales.
When contacted by just-food today (18 November) to confirm Parmalat is in talks with Harvey Fresh, the group said: “The company does not comment on market rumours.”
Set up in 1986, Harvey Fresh manufactures a range of dairy products from its site 130km south of Perth. It also produces fruit juice and wine.
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By GlobalDataReports in Australia say the privately-owned company generates earnings of A$10-15m and could fetch around A$100m.
