top of page

The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry

FoodBev Media Logo
Access more as a FoodBev subscriber

Sign up to FoodBev and unlock more insights from the international food and beverage industry. Subscribers have access to webinars, newsletters, publications and more...

Domino September - Website Banner - GS1 - 300x250.gif
Dairy Farmers heralds new Australian dairy era
FoodBev Media

FoodBev Media

28 November 2008

Dairy Farmers heralds new Australian dairy era

Dairy Farmers Chairman Ian Langdon says the change in ownership of the business to National Foods, a wholly owned subsidiary of Kirin Holdings, has heralded the beginning of a new era in Australia’s dairy sector.

Langdon, who, along with other directors, has resigned from the Dairy Farmers Board following the takeover, says the acquisition of the business will have a positive impact on Dairy Farmers’ shareholders as well as the broader industry.

“As a result of shareholders' overwhelming support for the proposal, hundreds of millions of dollars in shareholders’ equity will be unlocked and returned to dairy farmers across Australia," he said. “This injection of capital on farm stands to have a positive impact in the short-term and further into the future. National Foods will become Australia’s largest domestic dairy player in revenue terms.

“The change in the ownership of the Dairy Farmers business is the culmination of a journey that began in 2004, when our members voted overwhelmingly in favour of change."

Related posts
bottom of page