Freedom Foods' AFMH Acquires Torrumbarry Aggregation

  • Nov 15, 2019 AEDT
  • Team Kalkine

Freedom Foods Group Limited (ASX: FNP) has announced that Australian Fresh Milk Holdings (AFMH) has acquired the Torrumbarry Aggregation in Northern Victoria.

  • AFMH currently operates two fully integrated dairy farming operations, Moxey Farms, located in NSW and the Coomboona Farms operation in Northern Victoria;
  • Torrumbarry Aggregation comprises of 3,500 hectares on the Murray River and includes significant water rights;
  • After the acquisition, AFMH becomes the largest dairy producer in Australia with current operations forecasting over 190 million litres of production into 2021.

At AEST 01:16PM, the stock was trading at $5.650 per share, down by 2.75% from its previous close.

 

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