King Island Dairy sold to Australian company after lengthy search for buyer
Source: dairynews.today
Canadian dairy giant Saputo has sold the King Island Dairy facilities and brand to a new Australian owner.
Canadian dairy giant Saputo has finalized the sale of King Island Dairy to an Australian-owned entity, King Island Dairy 2 Pty Ltd, managed by Melbourne businessmen Nicholas Dobromilsky and Graeme Wilson.
The sale includes the dairy facility, brand, on-site cheese store, and two local farms. This development follows a turbulent period marked by the threat of closure, which had created significant concern among the local community dependent on the dairy as a major employer.
Tasmanian Premier Jeremy Rockliff had previously vowed to secure a buyer to prevent the closure and expressed satisfaction at the successful sale. The local government has highlighted the importance of revitalizing the historic brand now that it's back under Australian ownership.
The sale includes the dairy facility, brand, on-site cheese store, and two local farms. This development follows a turbulent period marked by the threat of closure, which had created significant concern among the local community dependent on the dairy as a major employer.
Tasmanian Premier Jeremy Rockliff had previously vowed to secure a buyer to prevent the closure and expressed satisfaction at the successful sale. The local government has highlighted the importance of revitalizing the historic brand now that it's back under Australian ownership.
