News

Edith Creek sold to Thai company

By Dairy News

MURRAY GOULBURN sold its Edith Creek processing facility in Tasmania to Thailand’s Dutch Mill group last month, a day before it closed.

Completion of the sale is due early next year and includes land and all assets associated with the site.

The deal does not need Foreign Investment Review Board approval because the price fell below its threshold for agribusinesses of $55 million.

The Edith Creek facility was one of three closed by Murray Goulburn earlier this year, along with Rochester and Kiewa.

Dutch Mill Australia is a local subsidiary of Dutch Mill group of Thailand, a privately held processor and marketer of milk and milk products throughout Asia.

Dutch Mill also owns six dairy farms in the Circular Head region of northwest Tasmania surrounding Edith Creek.

MG’s Chief Executive Officer, Ari Mervis, thanked Edith Creek employees for “their significant contribution to MG” when he announced the sale.

“The decision to close this processing site was difficult to make, however a necessary step on the journey to ensure the competitiveness of MG.

“We congratulate Dutch Mill on their acquisition of Edith Creek, and wish them well for the future.”

Dutch Mill Australia’s Anthony Guinness said there were no firm plans on what would be produced at the plant.

"We’ll be talking as how we best go about that, once we’ve assessed what products can be economically produced at that site," Mr Guinness told ABC Radio.