THE SunRice Group’s CopRice business has acquired the dairy and beef business of Riverbank Stockfeeds, which will serve to complement CopRice's existing manufacturing facilities, including Tongala.
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The acquisition includes Riverbank’s feed mill at Leongatha, and extensive dairy business across Gippsland and south west Victoria, which will see CopRice continue the expansion of its Victorian dairy nutrition business.
CopRice general manager Peter McKinney said the acquisition was only positive news for Tongala.
“The acquisition of Riverbank will further expand our footprint — and now ensures that we have full coverage of all key dairy regions in Victoria,” he said.
“What it means is it will bring more volume into Tongala to service requirement.
“From a Tongala point of view, it will be a welcome a welcome addition to the plant and cements CopRice’s position in terms of supplying dairy feed into Northern Victoria and beyond.
“We’ve been making dairy feed in the Tongala region since the late 1980s and we look forward to being able to bring that expertise into the Gippsland market.”
Completion of the acquisition is expected over the coming months.
