Australia

The interest from Lactalis emerged after Reuters reported that the business was among the companies considering bidding for the Fonterra assets.

Brownes Dairy is a cornerstone of Western Australia’s dairy industry, employing around 300 people

The financial upturn comes amid strategic moves by the company, including the sale of its Leeton juice extraction plant to Grove Juice.

This announcement raised concerns about the future of the island’s economy and the livelihoods of its residents.