Murray Goulburn launches bid for Warrnambool Cheese and Butter

22 October 2013

Australian agricultural co-operative and BCCM member Murray Goulburn has launched a $420 million bid for listed rival Warrnambool Cheese and Butter, trumping BEGA Cheese and Canadian heavyweight Saputo.

In an interview with Radio National Breakfast this morning, Murray Goulburn Managing Director Gary Helou said:

“When the farmer owns the business that is integrated from paddock, to processing, to marketing… the farmer has a stake, he has control… a point of influence at every step of the value chain… that means retention of profits and growth is coming back to the farmers.”

Listen to the ABC Breakfast interview, More players into cheese bidding war, 22 Oct.

Read the Sydney Morning Herald article, Murray Goulburn launches Warrnambool bid, 18 Oct.