From Yahoo Finance: 2025-06-10 08:33:00

Australian Maggie Beer Holdings has agreed to sell its dairy subsidiary, Paris Creek Farms, to local group Katoomba Global Foods for A$500,000 ($325,710). The sale aligns with Maggie Beer Holdings’ objective to dispose of non-core assets and simplify its operating structure. The divestment is expected to result in annualized cashflow savings of approximately A$2.2m for Maggie Beer Holdings.

Paris Creek Farms’ product portfolio includes milk, butter, cheese, and flavored yogurt. The sale of Paris Creek Farms is part of Maggie Beer Holdings’ broader strategy to streamline its portfolio, reduce complexity, and enable targeted investment in high-growth, high-value areas of the business. The sale is expected to be completed by next week.

Katoomba Global Foods, the Victoria-based company acquiring Paris Creek Farms, specializes in manufacturing and distribution. Maggie Beer Holdings also owns two other business units: Maggie Beer Products and Hampers & Gifts Australia (HGA). The sale will allow the group to sharpen its strategic focus on core premium brands, particularly Maggie Beer Products.

In the first half of fiscal year 2025, Maggie Beer Holdings reported total sales of A$54.4m, a 5.8% increase from the same period in 2024. However, the group’s EBITDA fell 16.8% in the first half to A$3m, while gross margins remained flat at 50.9%. The group aims to boost profits through ongoing strategic reviews.



Read more at Yahoo Finance: Maggie Beer to divest dairy arm