Remarkable Milk Company acquires Organic Dairy Farmers of Australia assets
The Remarkable Milk Company, of which Kyvalley Dairy Group is the major shareholder, has announced that they have entered into a contract to acquire assets of Organic Dairy Farmers of Australia. Remarkable Milk Company was established in 2018 with the objective of creating the leading Asia-Pacific brands business backed by Australian dairy industry specialists. The purchase includes the land, processing facility and all brands and trademarks.
Organic Dairy Farmers of Australia (ODFA) were placed into administration and then subsequent receivership in May 2020. Remarkable Milk Company were one of ODFA’s major customers and also had licence agreements for their True Organic and Remarkable range of products. Together with their branded products Remarkable Milk has agreements in place with major retailers and as such the acquisition of these assets will directly support Remarkable Milk Company’s contracts with Aldi and the Geelong facility will assist in increasing Remarkable Milk Company’s volume.
As part of the acquisition process, Remarkable Milk Company’s key priority has been to support the farmers supplying the ODFA factory, ODFA staff and the broader welfare of the Geelong regional community through the transition period.
Remarkable Milk Company intends to utilise the purchased ODFA facility to invest in further developing the skills of employees to ensure a successful career in the Australian dairy Industry. Alastair McCredden, Chief Executive Officer of Remarkable Milk Company said “Our aim is to offer not just a job but a future for Geelong families. Our shareholders are families and they understand the importance of thinking in generations rather than just for tomorrow.”
The purchase does not include the current contracted farms supplying ODFA, but Remarkable Milk Company is looking to work with these farms to provide them with a secure source for their milk supply.
“The acquisition supports Remarkable Milk Company’s commitment to creating a sustainable Australian owned dairy industry to ensure premium quality products,” said Mr McCredden. “While there will be challenges, we are sure with the support of the community, our milk suppliers, customers and our fantastic team, we will build this business to be a key pillar in the Geelong economy and key part of the wider Dairy landscape in Australia”.
Chief Executive Officer of Kyvalley Dairy Group, Michelle Sonnenschein echoed Mr McCredden's statements, "Working alongside Remarkable Milk Company in supporting this acquisition enables us to support the longevity of the Australian dairy industry, this is about creating sustainable opportunities for local farmers to supply their milk to a long term stable family business".