#Parmalat buys Australian #dairy Harvey Fresh

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Italian dairy group Parmalat has moved to increase its presence in Australia with the acquisition of local dairy and beverage firm Harvey Fresh for EUR79m deal (US$108m).
 
Parmalat, which is majority owned by French dairy giant Lactalis, said the acquisition «improves the group’s export capabilities to the Asiatic markets».
 
There was speculation late last year that Parmalat was in talks to buy Harvey Fresh.
 
The Australian firm operates in the state of Western Australia, where Parmalat has a marginal presence, and produces fresh and UHT milk dairy products, in addition to a significant business in the fruit beverage market. In that area of the country, Harvey Fresh is the second-largest producer in the dairy sector. This company owns two production facilities with approximately 250 employees.
 
Last financial year, the company reported revenues of about EUR113m.
 
Source: Just-Food

Mirá También

Así lo expresó Domingo Possetto, secretario de la seccional Rafaela, quien además, afirmó que a los productores «habitualmente los ignoran los gobiernos». Además, reconoció la labor de los empresarios de las firmas locales y aseguró que están «esperanzados» con la negociación entre SanCor y Adecoagro.

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