The Australian Front
United Dairy Power (UDP) was put into administration last
week (having been in receivership since last year), following
the sale of its Caboolture Cheese brand, some processing
equipment, and its Gippsland assets. Murray Goulburn acquired
Caboolture, UDP’s main cheese brand, and reportedly, will move
the cheese cut-and-shred equipment to their Cobram site. Burra
Foods is set to buy the Gippsland assets, a key part of the
acquisition being the milk depot at Poowong, and will underwrite
the payment terms to UDP’s suppliers. Media reports this week
have Burra picking up around 50 million litres of milk;
Warrnambool Cheese and Butter 90% of the South Australian and
70% of the Western Victorian UDP suppliers; and Parmalat around
6 million litres close to Adelaide. Three factories and the fleet of
trucks belonging to UDP were not part of the recently announced
sales.
The Australian FrontUnited Dairy Power (UDP) was put into administration lastweek (having been in receivership since last year), followingthe sale of its Caboolture Cheese brand, some processingequipment, and its Gippsland assets. Murray Goulburn acquiredCaboolture, UDP’s main cheese brand, and reportedly, will movethe cheese cut-and-shred equipment to their Cobram site. BurraFoods is set to buy the Gippsland assets, a key part of theacquisition being the milk depot at Poowong, and will underwritethe payment terms to UDP’s suppliers. Media reports this weekhave Burra picking up around 50 million litres of milk;Warrnambool Cheese and Butter 90% of the South Australian and70% of the Western Victorian UDP suppliers; and Parmalat around6 million litres close to Adelaide. Three factories and the fleet oftrucks belonging to UDP were not part of the recently announcedsales.
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