This news have been covered by the Global Legal Chronicle here, Lawyers Weekly here, and by Australasian Lawyers here.
Russell Kennedy Lawyers have advised the founders of Marsh Dairy Products Pty Ltd (Marsh Dairy Products) in relation to its sale to entities associated with Extra Mile Food Trading (Extra Mile Food).
Marsh Dairy Products offers the wholesaling and distribution of Australian dairy produce throughout Australia and overseas. Established in Melbourne during the 1930’s, the company supplies both national and independent supermarkets, and foodservice customers, as well as Australian and multi-national industrial users of bulk dairy ingredients including bulk cheese, bulk butters, all forms of standard milk powders. It operates from an export-grade facility in Melbourne.
Extra Mile Food is an Australian company specialising in sourcing, contract manufacturing and sales and marketing of Australian and international food and beverages.
The Russell Kennedy team was led by Principal Rory Maguire from the firm’s Corporate Advisory / M&A team, with assistance from Jaqueline Wilson, Associate (Corporate Advisory / M&A); Abbey Burns, Senior Associate (Employment); and Samantha Taylor, Special Counsel (Property).
Russell Kennedy advised on all legal aspects of the transaction, and MVA Bennett acted as financial advisors to the vendor.
Rory Maguire commented on the success of the transaction, saying:
“We were thrilled to assist the founders of Marsh Dairy Products with the successful sale of this long-standing contributor to the Australian dairy industry. Completing this transaction in the current COVID-19 climate was a positive result for all involved, and it was pleasing to see our team effectively navigate the various challenges that deal execution is currently facing. We look forward to seeing the business continue to prosper under its new stewardship.”
Further assistance:
For assistance regarding mergers and acquisitions, please contact Rory Maguire or a member of our Corporate & Commercial Advisory team.
If you’d like to stay up to date with Insights for the Corporate & Commercial sector, please sign up here.