The Australian Fresh Milk Holdings consortium (AFMH), comprising Leppington Pastoral Company (LPC), New Hope Dairy, and Freedom Foods Group, has completed its acquisition of one of Australia’s largest single site dairy operations, Moxey Farms.
Moxey Farms operates a fully integrated farming operation located in the Lachlan Valley, NSW. Moxey Farms’ land portfolio covers an area of 2700 hectares and includes 3700 milking cows that produce around 50 million litres of milk per year.
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 farm management agreement with AFMH. The completion of the acquisition also sees the Moxey family acquire a strategic stake in AFMH.
“Our primary objective since the establishment of Moxey Farms has always been to deliver a world-class milk production platform,” Quentin Moxey, GM of Moxey Farms, said.
“In early 2014 the business initiated a review of its operations with the aim of finding a strategic partner to assist with the next stage of growth.We are pleased to partner with AFMH on the development of Moxey Farms and the establishment of additional world-class greenfield dairy farming operations in Australia,” Moxey said.
The consortium agreement allows AFMH 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.