Murray Goulburn Co-operative (Devondale), an Australia-based milk co-operative, is set to invest $120m to establish two milk processing plants in Melbourne and Sydney.
The company will also integrate the latest processing technology to deliver the highest possible quality standards as well as position itself in producing daily pasteurised milk at these two plants.
On 10 April 2013 Devondale has signed a 10-year private label daily milk partnership with Coles supermarket chain to deliver additional profits to its dairy farmers.
It also plans to relaunch its branded daily pasteurised milk milk, through an initially exclusive agreement with Coles.
Devondale will actively seek to grow its milk supply to meet the demands of this new contract and will be taking on new farmer-shareholders across existing and new supply zones. This includes growing a local milk supply in the Sydney region to support the Sydney processing plant.
