PRESS RELEASE
Parmalat acquires Longwarry Food Park, an Australian company
specialized in the dairy sector
Parmalat S.p.A. announces that its subsidiary Parmalat Australia Pty Ltd signed an agreement
today to acquire the company Longwarry Food Park Pty Ltd (“Longwarry”), which operates in the
state of Victoria and is specialized in the production of milk powders, cream cheese, plus fresh
and UHT milk products.
Longwarry has grown significantly over recent years and is now a well recognized supplier of
fresh and commodity milk products. This company owns a single production facility (Longwarry,
Victoria) with approximately 50 employees.
Last financial year the company reported revenues of approximately 60 million euros.
The stipulated enterprise value of the acquired business is approximately 45 million euros.
With this transaction, the Parmalat Group further strengthens its position in the Australian
market, broadening its manufacturing base in that country, enters the milk powder market and
supports its overall milk supply base. This acquisition improves Parmalat Australia’s export
capability.
The acquisition, which is subject to the fulfillment of some conditions precedent including
approval by FIRB (Foreign Investment Review Board), will be financed exclusively with internal
resources.
Collecchio, December 19, 2014
Parmalat S.p.A.
Parmalat S.p.A. Sede: Via delle Nazioni Unite, 4 43044 Collecchio (Parma) Italia Tel.+39.0521.8081 Fax +39.0521.808322
Cap. Soc. € 1.831.068.945 i.v. R.E.A. Parma n. 228069 Reg. Imprese Parma n. 04030970968 Cod. Fisc. e P. IVA n. 04030970968
Società soggetta a direzione e coordinamento di B.S.A. S.A.