Dairy farmers back Tanarra bid for Lion dairy business

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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.

 

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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

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