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

The move follows a previous review of the group’s manufacturing network, which resulted in the closure of three facilities. 

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

It is part of CEO Ari Mervis’s drive to improve Murray Goulburn’s performance after a profit warning and cuts to the group’s farmgate milk price last year. The moves, driven by weakness at the co-op’s ingredients and nutritionals arm, prompted the resignation of Mervis’s predecessor Gary Helou in April 2016. Mervis has been working to strengthen the co-operative dairy group’s position since joining Murray Goulburn in December. 

“Today, MG announces the commencement of a comprehensive strategic review which will look at all aspects of MG’s strategy and corporate structure, including the Profit Sharing Mechanism and capital structure,” Mervis said. “I see this review as a fundamental next step to strengthen MG for the future. While the previous decisions resulting from the manufacturing footprint review, including the announcement of three site closures were necessary, I do not consider them alone to be sufficient to move the business forward.”

A further update on the strategic review is expected to be provided at the time of Murray Goulburn’s full-year results in August, the company revealed.

See Also:

Shares in Murray Goulburn’s listed unit trust, launched on the Australian Securities Exchange, closed at AUD0.735, down 14.5%.

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.

Company Profile – free sample

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
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.