The founders of an award-winning Queensland organic dairy brand have offloaded a majority stake in the business in a deal valuing the company at $50m.
The founders of an award-winning Queensland organic dairy brand have offloaded a majority stake in the business in a deal valuing the company at $50m.

$50m deal as couple sells slice of dairy company

Queensland couple Ian and Jane Campbell have sold a majority stake in their award-winning dairy company Barambah Organics.

John Wylie's Tanarra Capital has taken a 70 per cent slice of the specialty dairy company as part of its move into the milk industry.

Barambah produces a range of cheeses, yoghurts and milk drinks that are sold across 800 stores in Australia and internationally.

 

Barambah Organics co-founder Jane Campbell. Photo: Inga Williams
Barambah Organics co-founder Jane Campbell. Photo: Inga Williams

The products are produced at Darra with milk sourced from the company's three 300-cow organic dairy farms in Queensland and New South Wales.

"We have won a lot of accolades in the last few years and our sales are up 30 per cent during COVID and we are wanting to grow the business further," Mr Campbell said of the deal.

The couple will continue to own a stake in the business and manage parts of Barambah's operations.

"Jane and I have run the business for 18 years and it has been growing rapidly but it will be good to have more feet under the table as the business grows further," Mr Campbell said. The deal values Barambah Organics at around $50m, according to media reports, but the Campbells did not want to discuss the financial details when contacted by The Courier-Mail.

It comes as speculation mounts that Tanarra is eyeing a bigger dairy acquisition - Lion's dairy business - which is back on the block after the federal government rejected its planned $600m sale to China-based Mengniu.

Barambah Organics co-founder Ian Campbell. Picture: Nigel Hallett
Barambah Organics co-founder Ian Campbell. Picture: Nigel Hallett

Tanarra - which manages $1.7bn of funds across its operations in private equity, private credit, venture capital and selected strategic investments in public companies - aims to help fast track Barambah's growth, which includes expanding deeper into south-east Asia.

Barambah Organics has won a swag of awards over recent years including 2019 Australian Grand Dairy Awards - Champion Light Milk of Australia.

Additional reporting by The Australian

Originally published as $50m deal: Qld couple sells slice of dairy company



Everybody appearing at Hervey Bay Magistrates Court today

Premium Content Everybody appearing at Hervey Bay Magistrates Court today

Here is a list of matters listed at Hervey Bay Magistrates Court on Thursday.

Butchulla community mourns local leader taken too soon

Premium Content Butchulla community mourns local leader taken too soon

Warning: Article containers images of deceased person

Political rivals lay out their home violence fight

Premium Content Political rivals lay out their home violence fight

What one independent MP says should be top priority