Camperdown Dairy International

Last updated

Camperdown Dairy International
Type Private
Industry Infant formula
Founded2014 (2014)
DefunctJuly 2017;5 years ago (2017-07)
FatePlaced into administration in July 2017
Headquarters Braeside, Victoria, Australia
Area served
Australia, China, Vietnam
Website camperdowndairyinternational.com.au

Camperdown Dairy International (CDI) was an Australian infant formula company which was founded in 2014 and went into administration in 2017. [1] As well as serving in Australia, it also held licences to sell products in China and Vietnam. [2] It was from 2016 to 2017 one of the two co-major sponsors of the Brisbane Lions.

History

The Camperdown Cheese & Butter Factory began operations in 1891, and CDI purchased the factory in 2014. [3] CDI ran a fully integrated model, being one of the only producers in the world which owned its own farms, processing, and blending and packaging facilities. It was, at one point, one of only eight companies in Australia with a CNCA licence to export infant formula to China. In 2015, CDI secured a 15-year deal, worth $9 billion AUD overall, to sell infant formula to China with Hong Kong Food and beverage company Great Wall Capital Trading. [4] In 2016, CDI announced their co-major sponsorship (with Vero Insurance) with the Brisbane Lions on a three-year contract, starting that season. [5]

In June 2017, Bellamy's Organic announced that it had purchased Camperdown Powder, a subsidiary of CDI, which included its CNCA licence and blending and packaging facilities in Victoria. Bellamy's chief executive Andrew Cohen explained that it would allow his company to now produce its own products and protect its sales channel into China. [6] In July 2017, CDI was placed into administration after an $83 million collapse. [7] It was announced that CDI would not sponsor the Lions for the third year of their contract, and the company was replaced as co-sponsor by Oaks Hotels & Resorts for the 2018 season.

Related Research Articles

<span class="mw-page-title-main">Cadbury</span> British multinational confectionery company

Cadbury, formerly Cadbury's and Cadbury Schweppes, is a British multinational confectionery company owned by Mondelez International since 2010. It is the second largest confectionery brand in the world after Mars. Cadbury is internationally headquartered in Greater London, and operates in more than 50 countries worldwide. It is known for its Dairy Milk chocolate, the Creme Egg and Roses selection box, and many other confectionery products. One of the best-known British brands, in 2013 The Daily Telegraph named Cadbury among Britain's most successful exports.

<span class="mw-page-title-main">Fonterra</span> New Zealand multinational dairy co-operative

Fonterra Co-operative Group Limited is a New Zealand multinational publicly traded dairy co-operative owned by around 9,000 New Zealand farmers. The company is responsible for approximately 30% of the world's dairy exports and with revenue exceeding NZ $22 billion, making it New Zealand's largest company. It is the sixth-largest dairy company in the world as of 2022, as well as the largest in the Southern Hemisphere.

CDI, CDi, CD-i, or .cdi may refer to:

China Mengniu Dairy Company Limited is a Chinese manufacturing and distribution company of dairy products and ice cream. The company is headquartered in Hohhot, Inner Mongolia and manufactures dairy products under the Mengniu brand.

<span class="mw-page-title-main">A2 milk</span> Type of cows milk

A2 milk is a variety of cows' milk that mostly lacks a form of β-casein proteins called A1, and instead has mostly the A2 form. Cows' milk like this was brought to market by The a2 Milk Company and is sold mostly in Australia, New Zealand, China, and the United States. It was sold in the United Kingdom between 2012 and 2019. Non-cow milk, including that of humans, sheep, goats, donkeys, yaks, camels, buffalo, and others, also contain mostly A2 β-casein, and so the term "A2 milk" is also used in that context.

<span class="mw-page-title-main">Dairy Farmers Pty Ltd</span> Australian company producing dairy products

Dairy Farmers Pty Ltd, originally established in 1900, whose parent company is Australian-owned Bega Cheese, is distributed mainly New South Wales and Queensland in Australia. The core products sold under Dairy Farmers brand are fresh milk and UHT "long-life" milk, as well as various other dairy snacks. It supplies products to local and international markets such as Eastern Europe, the Middle East and Asia.

<span class="mw-page-title-main">Westland Milk Products</span>

Westland Milk Products is a dairy company based in Hokitika, New Zealand. It has been owned by Chinese dairy company Yili Group since 2019. It is the third-equal largest dairy processor in New Zealand with a 3.4% market share.

Sanlu Group CO., Ltd. (SJZSGCZ) was a Chinese dairy products company based in Xinhua District, Shijiazhuang, the capital city of Hebei. It produced one of the oldest and most popular brands of infant formula in China. New Zealand's Fonterra owned 43% of Sanlu.

<span class="mw-page-title-main">2008 Chinese milk scandal</span> Food safety crisis

The 2008 Chinese milk scandal was a significant food safety incident in China. The scandal involved Sanlu Group's milk and infant formula along with other food materials and components being adulterated with the chemical melamine, which resulted in kidney stones and other kidney damage in infants. The chemical was used to increase the nitrogen content of diluted milk, giving it the appearance of higher protein content in order to pass quality control testing. 300,000 affected children were identified, among which 54,000 were hospitalized, according to the latest report in January 2009. The deaths of six babies were officially concluded to be related to the contaminated milk.

Guangdong Yashili Group Co., Ltd. is a leading privately owned infant formula and soymilk products company in China. Based in Chaoan in the Chaozhou region of Guangdong province, China and, incorporated in the Cayman Islands. The company also has a Hong Kong-listed entity Yashili International Holdings Limited.

<span class="mw-page-title-main">Lactalis</span> French multinational corporation

Lactalis is a French multinational dairy products corporation, owned by the Besnier family and based in Laval, Mayenne, France. The company's former name was Besnier SA.

<span class="mw-page-title-main">Pauls (dairy)</span>

Pauls is an Australian brand name for a range of dairy products. Pauls history can be traced back to 1923. The company has been known under various names, including Queensland United Foods Ltd (QUF), Pauls Ice Cream & Milk Ltd and Pauls Limited. In 1998, Pauls Limited was purchased by the Italian company Parmalat, and officially changed its name in 2003 to Parmalat Australia Ltd. The company currently has its headquarters in South Brisbane. Today, Pauls is an Australian brand name under the Parmalat umbrella; a subsidiary of the multinational French company Lactalis.

<span class="mw-page-title-main">Synlait</span> Milk nutrition company in New Zealand

Synlait Milk is a New Zealand milk nutrition company with several locations, both in New Zealand and overseas. Its home base is in Dunsandel, Canterbury. Synlait has additional manufacturing sites in Auckland and Pokeno, an administration office in Christchurch, a Research and Development Centre in Palmerston North, and the Talbot Forest cheese factory in Temuka. It also owns Dairyworks which is a cheese, yoghurt and butter manufacturer based in Christchurch. Overseas, Synlait has an office in Beijing, and in Shanghai. The company manufactures infant formula, liquid dairy ingredient, and nutritional milk powders.

In 2013, a wide-scale recall of products sold by dairy producer Fonterra was announced after suspected botulism-causing bacteria were found during safety tests. The contaminated whey products had been sold to third parties who use it to produce infant formula and sports drinks. Approximately 1,000 tonnes of consumer product was affected by the recall across seven countries, but no cases of sickened consumers were reported. China, which imports most of its powdered milk from New Zealand, instituted a temporary ban on the import of the ingredient from New Zealand.

<span class="mw-page-title-main">Bellamy's Organic</span> Australian baby food and formula producer

Bellamy's Organic is an Australian organic infant formula and baby food producer, and was a wholly owned subsidiary of Bellamy's Australia before being acquired by China Mengniu Dairy.

<span class="mw-page-title-main">Bellamy's Australia</span>

Bellamy's Australia is a major Australian food and beverage company, and is the parent company of Bellamy's Organic, Australia's largest organic infant formula producer.

Laura McBain is an Australian business woman and media commentator. She is the former CEO and managing director of Bellamy's Australia and is known for her leading role in transforming family-run Tasmanian business Bellamy's Organic into a major Australian and international organic food producer.

<span class="mw-page-title-main">The a2 Milk Company</span> New Zealand dairy company

The a2 Milk Company Limited is a dual listed NZX and ASX 50 public listed company that commercialises intellectual property relating to A1 protein-free milk that is sold under the a2 and a2 Milk brands, as well as the milk and related products such as infant formula.

<span class="mw-page-title-main">Bega Group</span> Australian cheese manufacturer

The Bega Group is an Australian diversified food and drinks company with manufacturing sites in New South Wales, Queensland, Western Australia and Victoria. Founded as an agricultural cooperative in the town of Bega, New South Wales by their dairy suppliers, it became a public company in 2011 when it listed on the Australian Securities Exchange. Close to half of shares publicly traded are still held by Bega's farmer-suppliers. It is currently one of the largest companies in the dairy sector in Australia, with a base milk supply in 2018 of approximately 750 million litres per annum.

<span class="mw-page-title-main">Andrew Cohen (businessman)</span>

Andrew Cohen is an Australian businessman and CEO of leading primary healthcare network Healius Medical & Dental.

References

  1. Alexander, Mary (9 October 2014). "Camperdown $120 million dairy factory project to go ahead". The Standard. Retrieved 15 March 2016.
  2. Tutty, Jacinda (13 February 2016). "Australian dairy products are 'white gold' as Asian demand for formula grows". The Courier-Mail . Retrieved 15 March 2016.
  3. Cowlishaw, Lachlan (6 June 2014). "$120-million project will boost economy". Colac Herald . Retrieved 15 March 2016.
  4. Best, Cameron (27 July 2015). "Victoria's Camperdown Dairy International seals lucrative deal to export baby formula to China". ABC News . Retrieved 15 March 2016.
  5. "Camperdown Dairy International sponsors Brisbane Lions". The Weekly Times. 11 March 2016. Retrieved 15 March 2016.
  6. "Bellamy's Organic seeks $60m from investors for 'stabilisation plan'". Australian Financial Review. 13 June 2017. Retrieved 6 September 2019.
  7. Hamilton, Andrew (18 October 2017). "Brisbane Lions struck by collapse of major commercial partner for second year in a row". The Courier-Mail . Retrieved 20 October 2017.