M&A Deal Summary

Kyvalley Dairy Group Pty Acquires Murray Goulburn Co-operative Co. - Kiewa Country Brand & Equipment

On August 29, 2017, Kyvalley Dairy Group Pty acquired food company Murray Goulburn Co-operative Co. - Kiewa Country Brand & Equipment from Murray Goulburn Co-Operative Co.

Acquisition Highlights
  • This is Kyvalley Dairy Group Pty’s 1st transaction in the Food sector.
  • This is Kyvalley Dairy Group Pty’s 1st transaction in Australia.

M&A Deal Summary

Date 2017-08-29
Target Murray Goulburn Co-operative Co. - Kiewa Country Brand & Equipment
Sector Food
Buyer(s) Kyvalley Dairy Group Pty
Sellers(s) Murray Goulburn Co-Operative Co.
Deal Type Divestiture

Target

Murray Goulburn Co-operative Co. - Kiewa Country Brand & Equipment

Australia
Murray Goulburn Co-operative Co. Ltd. - Kiewa Country Brand & Equipment comprises brand and several associated milk processing and packaging products. The dairy group have workforce of 120 employees and are expanding their business of supplying fresh milk locally and globally.

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Buyer(S) 1

Buyer

Kyvalley Dairy Group Pty

Kyabram, Australia

Category Company
Sector Food
DESCRIPTION

Kyvalley Dairy Group is one of Australia’s largest family owned dairy businesses supplying innovative fresh milk products to the Asia Pacific region through a secure supply chain from feed to final product. The Mulcahy Brothers are the 5th generation of a 160 year old dairy farming family that have been developing their dairy business into a world class, family corporate dairy enterprise. The region is widely known as the food bowl of Victoria and is ideal for pasture based dairy farming, which is where the secure quality value chain begins.


DEAL STATS #
Overall 1 of 1
Sector: Food M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2017 M&A 1 of 1

Seller(S) 1

SELLER

Murray Goulburn Co-Operative Co.

Southbank, Australia

Category Company
Founded 1950
Sector Food
Employees2,300
Revenue 2.5B CAD (2017)
DESCRIPTION

Murray Goulburn Co-Operative Co. Ltd. produces a full range of high-quality dairy foods, including drinking milk, milk powder, cheese, butter and dairy beverages, as well as a range of ingredient and nutritional products, such as infant formula. MG supplies the retail and foodservice industries globally with its flagship Devondale, Liddells and Murray Goulburn Ingredients brands. Murray Goulburn has approximately 2,300 employees and operates eleven manufacturing facilities across Australia and China.


DEAL STATS #
Overall 1 of 1
Sector: Food M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-29 Tasmanian Dairy Products Co. Pty

Smithton, Australia

Tasmanian Dairy Products Co. Pty Ltd. produces and processes milk and other dairy products. The company was incorporated in 2011 and is based in Smithton, Australia.

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