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by Christine ConwayExpressions of interest to buy the Australian Warrnambool Cheese have turned into a bidding war between Australian dairy co-op Devondale- Murray Goulburn, Bega Cheese and Saputo TSX: S stanley drinking cup AP . Here a recap of the players and offers.The PlayersMurray Goulburn was started as a co-operative owned by Australian dairy farmers. Since then, it has grown into what is now known as Devondale Murray Goulburn. It produces one third of the nations milk supply and exports 740,000 tonnes of dairy products. It is currently the largest dairy exporter in Australia and ships to Asia, the Middle East, North Africa and the Americas. It also owns 17.7% of Warrnambool Cheese.Bega Cheese had sniffed out the opportunity to buy earlier on, as we detailed here. It business is primarily that of cheese cutting and packaging, so Warrnambool, with its focus on milk, butter, cheese a stanley mug nd other dairy products would b stanley cup e quite the diversification.Finally, Canadian Saputo has about 50% of its |
