Saturday, July 21, 2018
 Murray Goulburn Lifts Stake in Warrnambool Cheese and Butter  

Dairy processor Murray Goulburn Co-operative has increased its shareholding in fellow processor Warrnambool Cheese and Butter to 14.5 percent, up from 12 percent.

The move comes after Murray Goulburn secured a 10-year contract with the supermarket Coles.

But in a statement, Murray Goulburn managing director Gary Helou says the company has no intention of making a fresh takeover offer for WCB.

The co-operative tried to take over WCB several times in 2010 without success.

Murray Goulburn supplier Roma Britnell, from Woolsthorpe, welcomes the extra investment in south-west Victoria.

"I think it shows the strength and the confidence that the Murray Goulburn team have in our industry and I think it's very exciting."

Source: ABC


Posted on Monday, April 22, 2013 (Archive on Monday, April 29, 2013)
Posted by bsutton@adpi.org  Contributed by bsutton@adpi.org
Return