Century-old Tasmanian cheesemaker King Island | Australian Markets
Century-old Tasmanian cheesemaker King Island Dairy has been given a lifeline by an Eleventh-hour purchaser.
The company, which operates from King Island within the Bass Strait, was attributable to close mid this 12 months after present proprietor Saputo Dairy Australia introduced in September it had been unable to seek out a purchaser.
However SDA on Friday mentioned it had now entered into a binding settlement to promote the cheese business to a newly-formed entity known as King Island Dairy 2 Pty Ltd.
The rescue deal will save round 60 jobs and the manufacturing amenities on King Island.
SDA — which can also be behind the CHEER and Devondale manufacturers — didn’t identify these concerned within the new entity however mentioned it was being “led by two experienced Australian businessmen with supply chain and manufacturing expertise”.
It additionally provided assurances to present employees, saying they might be provided to switch their employment to the new proprietor.
SDA director of operations and provide chain Gerard Lourey mentioned whereas the pathway to reaching the sale had not been simple, the company took great care to seek out a appropriate purchaser it believed was dedicated to persevering with the manufacturing operations and preserving jobs on King Island.
“We are very pleased to have reached a sale agreement for the buyer to purchase the King Island Dairy facility and brand, the onsite Cheese Store and two local farms that provide a guaranteed milk supply,” he mentioned.
“We deeply appreciate the ongoing support of our dedicated King Island employees, suppliers, customers, the local council and the Tasmanian Government during this challenging period for King Island Dairy. We thank them for their patience, resilience and collaboration.”
King Island Dairy’s cheese merchandise — starting from brie, cheddar and Camembert — is stocked within the main supermarkets.
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