Transactions

Pactum Dairy Group – divestment of ACM’s 50% interest to Freedom Foods

Miles Advisory Partners advised Australian Consolidated Milk on the sale of its 50% interest in Pactum Dairy Group to Freedom Foods Group

Transaction Details

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Sector
Consumer
Miles Role

Sell-side advisor to Australian Consolidated Milk (ACM)

Deal Type

Business Divestments

Year Completed

2017

Contacts for this Transaction
Rohan Manikath
Managing Director
Contact Rohan Manikath

Overview

  • Pactum Dairy Group (PDG) was a Shepparton-based UHT dairy milk processor, established in 2014 as a joint venture between Freedom Foods and Australian Consolidated Milk (ACM), providing long-life dairy capability for branded and third-party domestic and export customers
  • Miles advised ACM on the sale of its 50% interest in PDG to its joint venture partner Freedom Foods Group (ASX: FNP) for equity consideration of $50.7 million, comprising $50 million in cash and an issue of 168,538 shares in Freedom Foods
  • ACM remained a key long-term strategic supply partner, entering a 10-year dairy milk supply agreement covering its Northern Victorian farmer suppliers

Further information on this transaction is available at: Pactum Dairy Group / Freedom Foods ASX Announcement