Dairy farmers back Tanarra bid for Lion dairy business

  • 📰 smh
  • ⏱ Reading Time:
  • 56 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 80%

Business News News

Business Business Latest News,Business Business Headlines

A key dairy farmer co-operative has backed a bid by Tanarra Capital for the Lion dairy and drinks business, saying it supported Tanarra's expansion plans

In a recent letter to Tanarra, Mark Kebbell, executive officer of the Dairy Farmers Milk Co-operative , said the co-operative had a very long association with Lion's dairy and drinks business and was very supportive of Tanarra's bid.

"The consortium has expansion plans for the milk-based beverages both in domestic and international markets. Our farmers, and the industry generally, needs confidence built on demonstrated investment and commitment," he said.He said no competition issues would arise from a successful Tanarra bid, especially in regard to milk prices paid to farmers.

The Lion business includes long established, big-selling brands such as Dairy Farmers, Big M, Pura, Daily Juice and Berri. Lion is owned by the giant Japanese brewer and food company Kirin. The Dairy Farmers Milk Co-operative is a farmer-owned and farmer operated co-operative that supplies milk to Lion, with Mr Kebbell describing the co-operative as a "key partner" of Lion dairy and drinks.

The co-operative has over 300 members from more than 250 dairy farms in NSW, Victoria, Queensland and South Australia. Each year it supplies more than 230 million litres of milk to Lion.reported on Friday that Saputo had been knocked out of the race for the Lion business, and that Bega was ahead in the auction race.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Isn’t Tamara a China /Australian investment company ?so actually another peg in the ground for CHINA if correct is anyone taking notice every single deal involves CHINA just keep slithering in all over Australia good bye free country my opinion only

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bega's big dairy acquisition could sour Australia's relationship with ChinaOpinion: The sale of Lion Dairy and Drinks to Bega Cheese creates a new sizeable force in Australian food manufacturing but it rubs a $66 million dose of fresh salt into our wounded relationship with China | EKnightOfficial EKnightOfficial Hah! Finally we hit back. You neva gonna get our dairy again! Buy your own cows severs_jeanette EKnightOfficial salt - cheese 😊 tasty! EKnightOfficial Bega now the Big Cheese in Australian food & drinks.
Source: smh - 🏆 6. / 80 Read more »