News
Parmalat strengthens Australian presence
23 Dec 2014Parmalat Australia is to acquire Longwarry Food Park which operates in the state of Victoria and specialises in the production of milk powders, cream cheese, and fresh and UHT milk products. Longwarry has grown significantly over recent years and owns a single production facility with approximately 50 employees. Last financial year, the company reported revenues […]
Parmalat Australia is to acquire Longwarry Food Park which operates in the state of Victoria and specialises in the production of milk powders, cream cheese, and fresh and UHT milk products.
Longwarry has grown significantly over recent years and owns a single production facility with approximately 50 employees.
Last financial year, the company reported revenues of approximately €60 million.
With this transaction, the Parmalat Group said that it further strengthens its position in the Australian market, broadening its manufacturing base in that country, enters the milk powder market and supports its overall milk supply base. The acquisition also improves Parmalat Australia’s export capability, the company said.
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