Dairy farmers’ representatives are urging the competition regulator to prevent supermarket behemoth Coles from purchasing two milk processing plants. In April 2023, Saputo, a milk processor, disclosed the sale of its Laverton factory in Victoria and its Erskine Park facility in New South Wales to Coles for a sum of $105 million. This sale is […]
ACCC Urged to Block Coles’ Milk Factory Buy Amid Competition Worries Read More »
The nation’s second-largest supermarket chain, Coles, is considering an unprecedented move of owning and operating its own milk processing plants. This development has raised concerns about potential reduced competition in the market. The Australian Competition & Consumer Commission (ACCC) has expressed preliminary worries about Coles’ proposed acquisition of two Saputo milk processing plants located in
Coles’ Bid for Milk Processing Plants Sparks Competition Concerns Read More »
Coles’ recent $105 million deal with Saputo highlights the growing power of major supermarkets in consolidating supply chains at the expense of middleman processors. The deal involves the acquisition of processing plants that were part of Murray Goulburn’s failed attempt to enter the market for drinking milk. Saputo wanted to sell these assets as part
Coles’ $105m milk deal shows supermarket supply chain power Read More »
Australia’s dairy industry is in need of a new champion, but instead has turned to supermarket giant Coles to fill the void. The four major dairy companies – Fonterra, Saputo, Lactalis and Bega – are either retreating, considering retreat or moving up the value chain, leaving few if any potential buyers. Coles has taken control
Coles Takes the Reins in Australian Dairy Industry Read More »
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