Sale rescues landmark WA dairy brands from collapse

Key points

• Local processor Artisanal Market has bought the brands and assets of collapsed Mundella Foods and Margaret River Dairy Company, which went into liquidation in August. Creditors are owed millions of dollars.
• The sum paid was not disclosed. Yoghurt production is expected to start near Margaret River before Christmas, at the Metricup facility, which is export approved.
• The Mundijong site will be mothballed due to its poor condition. Managing director Kevin Sorgiovanni said the new owners also hope to sell to Asian markets.