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Freedom Foods completes property buy

freedom foodsFreedom Foods Group has completed the acquisition of land adjacent to the Pactum Dairy site in Shepparton, Victoria.

The company acquired around 77,400sqm of land in Shepparton in Victoria, for $4 million, exclusive of stamp duty.

In June, Freedom Foods and Dean Foods put forward an expression of interest to buy A2 Milk Co,which Freedom Foods is a major supplier to and shareholder of, for an undisclosed amount.

They were subsequently knocked back by A2’s board, which said the deal wasn’t compelling enough. ASX-listed Freedom Foods confirmed last month it had “ceased detailed discussion in relation to A2″ with Dean Foods, and was still reviewing its 18 per cent holding in the firm, “including evaluating the benefits of maintaining a strategic stake”.

 

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