Cheesed Off: Murray Goulburn Takes $100m-a-year Hit on Woolworths Contract Loss
Australia’s largest milk processor, Murray Goulburn Co-operative, has taken another hit, with Woolworths dumping it as its supplier of many of its private-label dairy products.
Murray Goulburn said the loss of the bulk of the contract would cost it more than $100 million a year. Bega Cheese won the contract.
"Woolworths has selected a new supplier to manufacturer and pack a range of its private label products including cheese, UHT, adult milk powder and cream," it told the market.
"MG retains the contract to supply private-label mozzarella shred cheese as well as the contract to supply private label butter, which has been expanded to include additional products and increased ranging. Sydney Morning Herald – Read more…
Murray Goulburn said the loss of the bulk of the contract would cost it more than $100 million a year. Bega Cheese won the contract.
"Woolworths has selected a new supplier to manufacturer and pack a range of its private label products including cheese, UHT, adult milk powder and cream," it told the market.
"MG retains the contract to supply private-label mozzarella shred cheese as well as the contract to supply private label butter, which has been expanded to include additional products and increased ranging. Sydney Morning Herald – Read more…
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