date:Feb 07, 2014
The sale of privately-owned dairy giant United Dairy Power to Hong Kong businessman William Hui is locked in, according to Stock Land.
It was reportedly sold for around $70 million. The paper reports Hui is the chairman and major shareholder of Swing Media Technology.
United Dairy Power processes milk, butter and cheese and operates from South Australia and Victoria. Owner Tony Esposito has reportedly been seeking a buyer for two years.
United Dairy Power history
Founded in 1999, United Dairy