Australian milk brands Big M and Dairy Farmers have been given the green light to be taken over by a Chinese company. Australian milk brands Big M and Dairy Farmers have been given the green light to be taken over by a Chinese company (stock Dairy Farmers)'Our investigations concluded that dairy farmers are unlikely to switch between the two,' Mr Keogh said in a statement. 'Two other large raw milk buyers remain in the Gippsland region, Saputo and Fonterra, as well as some smaller processors.' Under the huge deal, Mengniu will acquire Australian brands including Dairy Farmers, Big M, Pura, Daily Juice and Berri. It has one raw milk processing facility located at Korumburra in Gippsland, Victoria.

Source: Daily Mail February 21, 2020 01:36 UTC