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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