The Remarkable Milk Company has entered into an agreement to buy the Coach House Dairy Brand from Bubs Australia for $500 000.
Bubs Australia acquired Coach House as a part of its NuLac Foods acquisition in 2017.
The Kyvalley Dairy Group is a shareholder in Remarkable.
Remarkable Milk Company markets, sells and develops organic and conventional fresh packed dairy and nutritional products to the Asia Pacific retail markets.
Coach House sources milk from Gippsland and processes for its flavoured milk products at Keysborough. The range has been carried by Coles and Woolworths.
Remarkable Milk has exclusive supply agreements with Kyvalley Dairy Group, ASX listed Wattle Health and Organic Dairy Farmers Australia.
Remarkable managing director Matthew Bailey described his company as the leading specialist dairy brand business in Asia Pacific across organic and conventional.
Remarkable Milk director and chair Jeff Martin said the company was thrilled to be adding Coach House Dairy to its range and would continue to stock the products in current stockists together with new markets.
“The brand will receive a well-deserved refresh ensuring it retains its quality and market presence,” Mr Martin said.
Bubs Australia said the Coach House Dairy was not considered core to Bubs’ business strategy, which centres around infant nutrition and goat dairy products.
The sale will occur on June 30 and Bubs Australia will continue to supply the product until then.
· Remarkable chairman, Jeff Martin, is a former managing director of Tatura Milk and operations manager of fruit company SPC.