Murray Goulburn Co-operative Co. Limited (also known as Devondale Murray Goulburn) was a dairy-processing co-operative corporation. In 2018, following financial difficulties and difficulties with suppliers over sustainable prices, the business assets were sold to Saputo Inc, a publicly listed Canadian dairy company. Later the trading name of the business was changed to AG Warehouse. The co-operative was placed into liquidation in 2020.
The agricultural co-operative was formed in 1950 from a group of dairy farms and grew to become Australia's largest processor of milk.[1]
In 2016, turmoil engulfed the processor as the milk price fell below production costs, prompting calls for the board to be sacked or the co-operative to be sold.[2] Thereafter, the former chief executive of Carlton & United Breweries, Ari Mervis, was appointed to the role of CEO and Managing Director[3] and commenced his role on 13 February 2017.