Coom­boona Dairies sold

Shepparton News - Country News - - FRONT PAGE -

A com­pany as­so­ci­ated with Freedom Foods Group has pur­chased the trou­bled Coom­boona Dairies op­er­a­tion near Un­dera, once jointly owned by Aus­tralian en­trepreneur Gerry Har­vey.

Freedom says it will use the re­la­tion­ship with the large dairy to gen­er­ate milk for its pro­cess­ing op­er­a­tions.

Coom­boona Dairies, de­vel­oped by Asian-based businessman Alex Arena, was placed in vol­un­tary ad­min­is­tra­tion in March and failed to sell at auc­tion in Septem­ber.

Freedom has a spe­cialty UHT plant in Shep­par­ton, which it is cur­rently ex­pand­ing and has been in the mar­ket for ex­panded milk sup­plies.

Coom­boona Dairies pur­chaser, Aus­tralian Fresh Milk Hold­ings, also has a large dairy op­er­a­tion, Moxey Farms, in the Lach­lan Val­ley, 300 km west of Syd­ney.

AFMH is a part­ner­ship owned by the Moxey and Perich fam­i­lies and other share­hold­ers, in­clud­ing Freedom Foods Group.

Freedom has a 10 per cent eq­uity share­hold­ing in AFMH.

With the ac­qui­si­tion of the Coom­boona Dairies op­er­a­tion, AFMH will be the largest dairy pro­ducer in Aus­tralia, with cur­rent op­er­a­tions fore­cast­ing more than 150 mil­lion litres of pro­duc­tion into 2019.

Freedom Foods in­tends to use the sup­ply from Moxey Farms and Coom­boona Dairies for its Aus­tralia’s Own Kid’s Milk and other dairy prod­uct for­mats.

Coom­boona Dairies orig­i­nally com­prised al­most 500 ha and was planned to be able to han­dle a herd of about 5000 cows.

The dairy busi­ness gained sig­nif­i­cant cov­er­age when Har­vey Nor­man founder and ex­ec­u­tive chair­man Gerry Har­vey an­nounced his com­pany had bought 49.9 per cent of the busi­ness in 2015.

Fresh start . . . Elite dairy cat­tle be­ing pre­pared for show­ing on the Coom­boona Dairies prop­erty. The trou­bled busi­ness has been bought by Aus­tralian Fresh Milk Hold­ings and will pro­vide milk to the Freedom Foods Group Shep­par­ton fac­tory.

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