News: MGC MG Unit Trust says Murray Goulburn has selected woolworths as new supplier

July 28 (Reuters) - MG Unit Trust (MGC) :

• Murray goulburn - announced that woolworths has selected a new supplier
• Mg retains the contract to supply private label mozzarella shred cheese as well as the contract to supply private label butter
• Mg will adjust future manufacturing planning to redirect capacity to other markets
• Annualised revenue loss will be about $108 million, however financial impact on Mg in FY 2017 will be limited given timing of existing contracts completing
• Supplier to manufacture and pack a range of its private label products including cheese, uht, adult milk powder and cream