About Devondale Murray Goulburn
We have established an exciting change agenda to return Devondale Murray Goulburn and the Australian dairy industry to growth.
Australia’s largest dairy foods company, Devondale Murray Goulburn is committed to being the choice in dairy foods in Australia and internationally.
We were established more than 60 years ago by a group of Victorian dairy farmers seeking a better deal for their milk and are today the primary partner of Australian farmers.
We are building on our great heritage to lead transformational change and drive performance with our dairy farmer-shareholders, our consumers, our customers and our employees.
We produce a balanced portfolio of dairy ingredient, consumer and food service products, that we proudly sell to Australia and the world. We and also operate farm trading stores which support our dairy farmer-shareholders and their communities.
Driving our work is our commitment to being the first choice in dairy foods through operational excellence and innovation.
We are building a balanced portfolio of dairy foods that we proudly sell to Australia and the world. This includes high quality dairy ingredients, including speciality milk fats and bioactives, retail brands, including Devondale and Ascend, and food service products for cafes, restaurants and more.
Our flagship Devondale brand is a national leader in the Australian consumer market.
Our dairy farmer-shareholders benefit from MG Trading’s competitively-priced farm inputs and services, while our regionally-located Field Services Officers assist them in making decisions on-farm.
Driving our work is our commitment to being the first choice in dairy foods through operational excellence and innovation. Our reputation as a high quality dairy supplier is well known.
With approximately half of our products exported overseas, we are focused on the emerging markets of south east Asia, Middle East/North Africa and China.
In 2013, we announced plans to build new processing facilities in Laverton, Melbourne and Erskine Park, western Sydney. This was our first entry into the NSW Sydney market region farm milk collection and an exciting new step for our co-operative.
Even although the present share-prices looks to be at an attractive discount to the issue price, the present down-trend suggests that the price could continue falling. For this reason, it is probably wiser for retail investors to wait for the inevitable trend reversal before investing.
With the likelihood of a generous income yield, and the potential for growth, it is a stock investors could discuss with their financial advisers for addition to their super funds.