Parmalat has signed a deal to buy Australian dairy firm Longwarry Food Park.

The agreement, announced today (19 December) gives Longwarry an enterprise value of around EUR45m (US$55.2m), Parmalat said.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The Lactalis-controlled Italian group, which earlier this year snapped up Australian dairy and juice maker Harvey Fresh, said Longwarry would boost its presence within the market and help it expand overseas.

“With this transaction, the Parmalat group further strengthens its position in the Australia market, broadening its manufacturing base in that country, enters the milk powder market and supports its overall milk supply base. This acquisition improves Parmalat Australia’s export capability,” Parmalat said.

Longwarry, which is based in Victoria, supplies milk powder and cream cheese, as well as fresh and UHT milk products.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now