Brownes Dairy, a Western Australian dairy brand founded in 1886, has been placed up for sale following the receivership of its parent company, Australian Zhiran Co (AZC). The company continues to operate normally, and stakeholders await the completion of the sale process.
Brownes Dairy, a well-established dairy brand based in Western Australia, has been listed for sale following the receivership of its parent company, Australian Zhiran Co (AZC). Founded in 1886, Brownes Dairy has long been a trusted name in dairy products, offering a wide range of products including milk, yogurt, cheese, and flavored coffee. Despite the financial turmoil surrounding its parent company, Brownes Dairy continues to operate smoothly, with its products available through major retailers such as Coles, Woolworths, and IGA.
The decision to put Brownes Dairy on the market comes after AZC, a company with significant financial obligations, entered receivership. McGrathNicol, a restructuring firm, has been appointed as the receiver of AZC’s shares, acting on behalf of one of its key lenders, Mengniu Dairy.
We are engaging with key stakeholders to commence an orderly sale process for the iconic Brownes Dairy. As our appointment is limited to holding company shares only, we do not anticipate any impact on day-to-day operations.”
Keith Crawford, a partner at McGrathNicol, reassured stakeholders
As the sale process moves forward, stakeholders, including employees and customers, remain hopeful that the iconic brand will find a new owner who appreciates its strong legacy and future potential in the competitive dairy market. For now, Brownes Dairy’s operations continue without disruption, and it remains one of the most well-recognized dairy brands in Western Australia.
