Freedom Foods management shake up after surprise losses hit home
Listed dairy cereals and snacks company Freedom Foods is in crisis management mode with its long-time managing director on leave and a board investigation finding a trail of unexpected debts, revenue shortfalls and outdated inventory.
Freedom’s business strife won’t break commitments to farmers, customers
The chairman of troubled dairy and cereal products maker Freedom Foods has assured farmers it will honour its milk contracts, and even expand its partnerships, despite last week’s shock revelations of $60 million in write-downs and ongoing forensic scrutiny of its accounts.
Freedom Foods boss Rory Macleod returns from leave, to leave
Dairy and cereal products maker Freedom Foods officially lost its managing director Rory Macleod on Tuesday, ending a tumultuous week of shock financial setbacks and key staff changes.
North-east Victorian dairy farmers set their own course
In 2017, as dairy processor Murray Goulburn announced plans to sell the co-operative’s assets to Canadian-based Saputo Dairy Australia for $1.3 billion, a group of five dairy families from North East Victoria aimed to take their future into their own hands.
Australian dairy in drought: foreign ownership is the least of farmers' worries
The number of dairy farms has fallen by more than 2,700 in the past 10 years. Farmers can only hope the next decade is better.
Australian Fresh Milk buys Victorian producer
Freedom Foods Group has announced Australian Fresh Milk Holdings (AFMH) will purchase the Torrumbarry Aggregation in Northern Victoria
American Milk Myth: New Undercover Investigation Challenges Organic Milk
A new investigation from the group that took on the Disneyland of agricultural tourism, Fair Oaks Farms, is now putting the spotlight on the organic dairy industry. The Animal Recovery Mission’s latest target is Natural Prairie Dairy, an organic operation supplying raw milk for the in-house organic brands of multiple supermarket chains nationwide.
Shepparton dairy plant gets $100m from Freedom Foods investors
Freedom Foods says about 77 per cent of a $130 million production upgrade announced last week will be spent at its Shepparton milk processing plant.
Fresh Dairy and Fortified Beverages Set for High Micellar Casein Consumption
Consistent demand for functional ingredients complementing the flavor and texture profile of end-use products is anticipated to be the major push factor driving global micellar casein consumption. At an estimated steady growth in the revenues at 6.1% CAGR between 2019 and 2029, the micellar casein market is highly likely to see promising growth outlook in coming years.
Freedom Foods Group pulls out of Lion Dairy and Drinks’ sale
FREEDOM Foods Group has formally announced it will not pursue a bid for Lion Dairy and Drinks’ assets being offered by Kirin Holdings Company Limited.
