ADELAIDE HILLS-BASED CHEESE MAKERS PARTNER WITH JAPANESE GROUP FOR $14.4 MILLION

ADELAIDE HILLS-BASED CHEESE MAKERS PARTNER WITH JAPANESE GROUP FOR $14.4 MILLION

ADELAIDE Hills-based artisan cheese company Udder Delights has partnered with Japanese dairy company Snow Brand in a $14.4 million partnership.

Snow Brand has taken over a restructured Udder Delights Australia, and will keep husband and wife duo Saul and Sheree Sullivan (pictured) in their respective roles of managing director and chief executive of the business.

Under the $14.4 million deal the Japanese company Snow Brand will take 90 per cent ownership over Udder Delights, with the Sullivans retaining 10 per cent.

Mr Sullivan says the acquisition deal will allow Udder Delights to expand further.

"We are really excited to announce and introduce Udder Delights Australia, a company which will take us to new heights, with the partnership and financial backing allowing us to create new products, services, and innovations; and provide greater opportunities for our staff, suppliers and valued customers," says Sullivan.

"It will be business as usual for our team, and Sheree and I, as we continue to make the very best cheese in the pristine Adelaide Hills.

"With the support of such an experienced and like-minded global industry pioneer, we have the opportunity to make some of our wildest dairy dreams come true."

Snow Brand's Japanese arm, Megmilk, has been making cheese and butter for 90 years in Japan. In 1990, Snow Brand arrived in Australia, opening its Unicorn, Nowra Farmhouse, and Flinders Estate brands, which specialises in white mould cheeses.

The Sullivans will retain full ownership of the popular Udder Delights Cheese Cellar on Hahndorf's main street.

With the retirement of Sheree Sullivan's father, Trevor Dunford, who co-founded Udder Delights in 1999, the Sullivans saw this moment as the best time to partner with an experienced and powerful player in the industry.

"We were at a critical juncture in our business and my father's pending retirement presented us with an opportunity to work with a new business partner," says Sheree Sullivan.

"It's humbling that a business such as Snow Brand is partnering with us and has faith in our track record and our experience, which will see us lead Udder Delights Australia in this new chapter."

Never miss a news update, subscribe here. Follow us on Facebook, LinkedIn, Instagram and Twitter.

Business News Australia

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

Advertisement

Related Stories

ARB Corporation splashes out $39m on UK acquisition

ARB Corporation splashes out $39m on UK acquisition

After more than doubling its profit in the December half thanks t...

US software company buys Sensis from Telstra for $250m

US software company buys Sensis from Telstra for $250m

The operator of the Yellow and White Pages, True Local and Wheris...

How to scale up and scale well: Transform your business with tailored solutions

How to scale up and scale well: Transform your business with tailored solutions

Software hairball syndrome is common for companies as they pivot ...

SA opening to Melbourne from Friday, dancing allowed in clubs

SA opening to Melbourne from Friday, dancing allowed in clubs

Melburnians will be free to travel into South Australia from 12.0...