Freedom Foods Group has announced that Australian Fresh Milk Holdings (AFMH) has entered into an agreement to purchase the Coomboona Dairy operation in Northern Victoria, Australia.
Sydney-headquartered Freedom Foods owns a 10% shareholding in AFMH.
With the acquisition of the Coomboona operation, AFMG “will be the largest dairy producer in Australia” with current operations forecasting over 150 million litres of production into 2019, according to Freedom Foods.
It added that the deal will enable AFMH to deliver “sustainable production of high-quality milk, supporting a range of value-added product opportunities”.
AFMH currently operates a dairy farming operation, Moxey Farms, located in the Lachlan Valley, New South Wales, 340km west of Sydney.
Freedom Foods said it intends to use a growing proportion of the dairy milk output from both Moxey Farm and Coomboona Dairy for its Australia’s Own Kid’s Milk and other dairy product formats.
The company’s dairy brands include Vitalife, So Natural, Simply White and Milk Lab.
Earlier this year, Freedom Foods expanded its portfolio with the acquisition of Australian protein product brand Crankt for AUD 3.5 million ($2.5 million).
Freedom said it aims to leverage its existing distribution channels to further expand the brand and its range of protein bars and drinks.
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