Australian Dairy Farms to acquire Camperdown Dairy Company
Acquisition creates ASX’s first vertically integrated dairy company
Highlights
• Binding agreement to buy Camperdown Dairy Company from Aussie Farmers Direct.
• Acquisition creates ASX’s first vertically integrated dairy producing and processing and exporting company.
• Consideration of $11m to be funded by AHF cash reserves and bank facilities.
• Camperdown Dairy Company (CDC) is an established dairy processing business located in South West Victoria, Australia near AHF’s existing dairy farms.
• The growing customer base includes processing premium milk products for Woolworths and Aussie Farmers Direct.
• CDC is one of the few Australian dairy companies with certification for rapid clearance of fresh milk into China – 7 days from farm-gate to retailer in China.
• CDC management team has more than 100 years combined dairy industry experience and will continue to manage CDC post acquisition.
• Acquisition expected to be completed by the end of January 2016.
She's going to blow on this.
Cheers,
GB.
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