China's Bright Food to buy Australian dairy firm Mundella
date:Jan 15, 2014
Goulburn Co-operative Co Ltd and Bega Cheese Ltd.

Saputo's A$515 million offer is steadily gathering support as Murray Goulburn's rival A$530 million bid awaits regulatory approval.

Mundella representatives were not immediately available for comment on the Bright Food deal.

Established as a family business in 1974, Mundella produces soft cheese, yoghurt and probiotic yoghurt drinks. It began exporting to Asia in 2010 and has a contract for sour cream with Wesfarmers Ltd's Australian supermark
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