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Brownes Dairy to seek buyers next year
Yahoo Financeยท 2025-10-23 12:56
Core Insights - Brownes Dairy is planning to formally seek a buyer or investment in the business next year, with the sale process currently ongoing [1][3] - The company was put on the market after a $200 million loan from Mengniu Dairy Co. was called in [1][2] - Brownes Dairy, established in 1886, is recognized as Western Australia's oldest dairy company, offering a variety of products including yogurt, cheese, and coffee [3] Company Background - Brownes Dairy was sold to Australia Zhiran Co. in 2017, which is backed by a consortium including Changchun Lianxin Investment Consulting Company [2] - The company has received significant interest from various investors as it prepares to go to market in 2026 [3] Product Development - Brownes Dairy markets the ready-to-drink coffee brand Hunt and Brew, which was launched in the UK last year [4] - The recent acquisition of local co-packer Indul is expected to enhance production capacity, which was previously limited [4] - CEO Natalie Sarich-Dayton described the current phase as a watershed moment for Brownes Dairy, indicating strong confidence in the Hunt and Brew brand [5]