04 December 2023
… “Coles expects its acquisition of two state-of-the-art automated milk processing facilities from Saputo Dairy Australia will be completed in the first half of next year after the competition regulator gave its blessing. …
Melina Morrison, chief executive of the Business Council of Co-operatives and Mutuals – the peak body for Australia’s co-operatives and mutuals sector – was disappointed by the ACCC’s decision.
“As processing facilities are further concentrated in the hands of a few investor-owned dairy processors and retailers, there is less and less pressure on these businesses to share profits with farmers,” she said.
“That means farmers will have less capacity to reinvest in the sustainability of their own businesses.” ”
Read the full article, Coles gets green light for $105m milk plants purchase, in The Age, 1 December 2023