Dairy

Freedom Foods accelerates funding for Shepparton plant

21 March 2018

Rodney Woods, The Country News
21 March 2018

Shepparton’s Freedom Foods plant is set to benefit from the company’s decision to accelerate the raising of capital.

The $200million that is set to be raised through the introduction of extra shares available to existing and new shareholders will partly go toward the development of a specialised nutritionals platform at Shepparton, which will be aligned to the dairy UHT operations.

The platform will allow for protein standardisation and the ability to separate milk into industrial grade pure protein components for use in the company’s branded products and for sale to key strategic customers.

‘‘We’re looking at accelerating investment on sites, in particular Shepparton,’’ Freedom Foods chief executive officer Rory Macleod said.

Read the full story here.