One of Australia’s largest single-site dairy operations, Moxey Farms, will be acquired by The Australian Fresh Milk Holdings.
The Australian Fresh Milk Holdings comprises of Leppington Pastoral Company, New Hope Dairy Holdings and Freedom Foods Group. The consortium, together with Moxey Farms, has executed binding agreements for the acquisition.
Under the terms of the acquisition, the Moxey family will continue to operate Moxey Farms in a joint venture with the Perich family under a new Farm Management Agreement with AFMH. The moxey family will acquire a strategic stake in AFMH, which will have assets and operations across every aspect of the dairy value chain.
Moxey Farms operates a fully integrated dairy farming operation in the Lachlan Valley, NSW, with 3,700 milking cows which product approximately 50 million litres of milk per year, with a large proportion of this milk from a2 cows.
Following the completion of the acquisition, AFMG would have in place a scalable operating platform to invest in additional greenfield dairy sites.
The arrangement will provide Freedom Foods with access to the dairy management team of the Moxey and Perich families, while AFMH will be able to leverage Freedom Foods’ processing capabilities and New Hope Dairy’s Asian footprint to readily access export markets such as China and South East Asia.
Upon completion, Freedom Foods will hold a 10 per cent equity position in AFMH, with the balance held by Leppington Pastoral, Moxey Family and New Hope Dairy.