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without having purchaser around the horizon, SDA introduced it experienced produced the tricky decision to start the final operating period of King Island Dairy, with the intention of closing the facility and retiring the model in mid 2025.
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“We now have invested much more than $40 million in all our Tasmanian functions over the past five years. when our other Tasmanian brands which include Mersey Valley and Tasmanian Heritage are thriving, and King Island Dairy goods maintain a nostalgic place while in the hearts of Australians, the brand name has not maintained its placement in currently’s extremely-competitive food business.”
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in the last ten months, SDA has sought to maximise price to the enterprise on the lookout for industrial and financial options for King Island Dairy, including a potential sale into a third party.