Coles milked for $105m in transformational new dairy deal

Coles milked for 5m in transformational new dairy deal

Supermarket big Coles will change into a milk processor for the primary time after buying two amenities from Australia’s largest processor, Saputo Dairy Australia.

The $105 million deal will see the newly-purchased websites in Laverton North, Victoria and Erskine Park, New South Wales add capability for one more 225 million litres of milk per 12 months, with each amenities getting used for Coles personal model 2L and 3L milks.

Coles CEO Steven Cain mentioned the brand new deal will enhance the safety of the grocery store chain’s milk provide and provide chain resilience within the dairy market.

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Source: www.perthnow.com.au