Coles Group Limited → Two automated milk processing facilities (Laverton North VIC, Erskine Park NSW) from Saputo Dairy Australia
completedColes Group agreed to acquire two automated milk processing facilities from Saputo Dairy Australia for approximately A$110 million, each capable of processing about 225 million litres a year, predominantly for Coles' own-brand milk. ACCC approved the deal in December 2023 after raising preliminary competition concerns; completion followed in June 2024.
Coles wanted direct control of milk processing capacity for its own-brand 2L/3L milk supply chain, reducing reliance on third-party processors.
Saputo Dairy Australia divested the two facilities as part of a broader portfolio rationalisation.
Not specifically detailed in available coverage.
Deal mechanics
Asset sale of two processing facilities
ACCC initially flagged competition concerns (July 2023) before approving the acquisition in December 2023