$40m sale deal struck for group of Mount Gambier dairy farms

Beston Global Foods’ four Mount Gambier dairy farms has been sold to Melbourne-based Aurora Dairies in a $40.4m cash deal, including water licences and all other operating assets.

In a statement to the Australian Stock Exchange, Beston said it would use the proceeds to increase milk supply, expand Mozzarella and Lactoferrin production and reduce debt levels to under 10pc.

Beston Global Foods chief executive Jonathon Hicks said securing a long-term milk supply


Leave a Reply