Chr Hansen buys Australian cultures

The Board of Dairy Innovation Australia Ltd (DIAL) has entered into a contract to finalise the sale of its DIAL culture production unit and strain collection to Chr Hansen Holding and Chr. Hansen Pty. The sale of this business unit is in line with the strategic review conducted by DIAL board, it is hoped the transaction will be completed in November.

Peter Boyden, chairman of DIAL, says, “Securing a key international purchaser in Chr Hansen validates our decision to separate the cultures production unit from the remaining consultancy functions of DIAL. It is important to the DIAL board to know the supply of cultures to the Australian industry will be serviced by a global leader in the sector.”

Kylie Evans, country manager at Chr Hansen Pty Ltd, adds, “We are committed to best in class coverage and service to customers and we are proud to be trusted by the major Australian cheese makers to supply the key ingredients to their important brands. Now we look forward to nurturing the starter culture business within the Chr Hansen family and becoming a stronger partner to our customers.”