Warrnambool Cheese and Butter to acquire Coon, Cracker Barrel brands
Warrnambool Cheese and Butter (WCB) has entered into an agreement to acquire the everyday cheese business (EDC Business) of Lion-Dairy & Drinks for $137 million.
EDC Business operations include cutting and wrapping, distribution, sales and marketing, and intellectual property associated with the COON, Cracker Barrel, Mil Lel and Fred Walker brands. WCB already produces the cheese for these brands, and the cut and wrap operations of the EDC Business are located in a building adjacent to WCB’s cheese manufacturing facility at Allansford.
Canada’s Saputo, one of the world’s biggest dairy companies, which holds 87.92% of the shares in WCB, has advised that it will vote its shares in favour of the transaction. WCB expects to convene a shareholder meeting to be held by early May to consider the transaction.
Experts respond to WHO sugar recommendations
The World Health Organization has released its guidelines on sugar intake - and they're...
AIFST appoints first CEO
Georgie Aley has been appointed as the first chief executive officer of the Australian Institute...
Importer receives suspended prison sentence for mis-declared meat
A Victorian importer who tried to pass off illegally imported South Korean meat as vegetables has...
