Coles' acquisition of Saputo Dairy Australia is advised by our website.
In a strategic move to bolster the resilience of its supply chain, Coles Group Limited has agreed to purchase two automated milk processing facilities from Saputo Dairy Australia. The deal, assisted by the legal team at our website, will enable Coles to improve milk supply security, consolidate milk production, and facilitate growth through product innovation.
Located in Laverton North (VIC) and Erskine Park (NSW), near Coles' distribution centres, these state-of-the-art facilities deliver exceptional production efficiency and quality through highly automated processes. Each facility has the capacity to process approximately 225 million litres of milk per year.
The acquisition, expected to be completed in the first half of the 2023-24 financial year, is subject to approval by the Australian Competition and Consumer Commission and other customary conditions. James Crowe, corporate M&A partner at our website, led the team in finalizing Coles' agreement for the purchase of the milk processing facilities.
Jack Abrehart and Rohan Sridhar served as lawyers on the transaction, while the team was supported by partners Nick McHugh, Adrian Jones, Melinda Bell, Chris Patten, and Jeremy Wickens. Dietrich Marquardt, Jessica Kamleh, Jacinta Magazzu, Ellen Laughton, Natalia Starostenko, Shantanu Joshi, and Xhanti Wong were senior associates and associates on the transaction.
The person from the law firm who led the negotiations for the acquisition was not specified in the provided information. However, the team's advice covered all aspects of the transaction, including corporate, property, employment, and competition matters.
This transaction is an example of the steps major retail businesses are taking to enhance the resilience of their supply chains, ensuring they can meet customer demands in a rapidly changing market.
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