Remarkable Milk Company, which is majority owned by Kyvalley Dairy, has acquired the assets of Organic Dairy Farmers of Australia, which went into receivership in May.
The purchase includes the land, a processing facility and all brands and trademarks.
Remarkable Milk Company was one of the major customers of Organic Dairy Farmers of Australia and also had licence agreements for its True Organic and Remarkable range of products.
Remarkable Milk Company intends to utilise the purchased Organic Dairy Farmers of Australia facility to invest in further developing the skills of employees to ensure a successful career in the Australian dairy industry.
“Our aim is to offer not just a job but a future for Geelong families,” Remarkable Milk Company chief executive officer Alastair McCredden said.
“Our shareholders are families and they understand the importance of thinking in generations rather than just for tomorrow.”
The purchase does not include the current contracted farms supplying Organic Dairy Farmers Australia, but Remarkable Milk Company is looking to work with these farms to provide it with a secure source for its milk supply.
31°C