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BRIEF-MG Unit Trust says Murray Goulburn has selected woolworths as new supplier

Published 29/07/2016, 08:49 am
BRIEF-MG Unit Trust says Murray Goulburn has selected woolworths as new supplier
MGC
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July 28 (Reuters) - MG Unit Trust MGC.AX :

* Murray goulburn - announced that woolworths has selected a new supplier

* Mg retains the contract to supply private label mozzarella shred cheese as well as the contract to supply private label butter

* Mg will adjust future manufacturing planning to redirect capacity to other markets

* Annualised revenue loss will be about $108 million, however financial impact on Mg in FY 2017 will be limited given timing of existing contracts completing

* Supplier to manufacture and pack a range of its private label products including cheese, uht, adult milk powder and cream

* Source text for Eikon ID:nASX188TGl

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