Murray Goulburn has postponed the proposed closure of its Kiewa facility.
Cream cheese production will continue at Kiewa, with current operational requirements maintained for at least the period until completion of the Saputo transaction.
General manager milk supply and field services, Craig McRae, said that subject to completion, the continued operation of the Kiewa facility would be a matter for Saputo to consider.
“In response to queries, I also would also like to clarify that the MG Trading business is included in the Saputo transaction, unless MG has sold MG Trading prior to completion, which it is entitled to do,” he said.
“There is no formal sale process currently underway for MG Trading. As with Kiewa, the future of MG Trading will be a matter for Saputo to consider subject to completion of the transaction.”