The Tasmanian Government is urging Saputo to commit to securing the future of the iconic King Island Dairy Brand, a cornerstone of the island's community and economy.
The Government has brought several interested parties to the table in an attempt to secure a new owner who values the brand's legacy and importance to Tasmania.
While Saputo has publicly expressed an intent to sell the business, it is becoming increasingly concerning that Saputo's foreign headquarters may not be committed to finding a buyer.
Premier Jeremy Rockliff said King Island Dairy is an iconic brand and an important contributor to the community and our economy.
"We have been engaging with stakeholders and exploring every possible avenue to ensure a smooth transition to new ownership that will invest in the brand and its people," the Premier said.
"The Tasmanian Government has provided targeted support to attract potential buyers and facilitate discussions with parties who understand the unique heritage of King Island Dairy.
"The priority remains to secure a buyer who will uphold the high standards of production, protect local jobs, and maintain the integrity of the Tasmanian brand.
"It would be a real blow to King Island if the multinational behemoth is planning to walk away from the King Island Diary brand to promote its other brands.
"We do not call out this behaviour lightly, but we will not stand idly by while a global company welshes on its responsibility to work with the Government for the benefit of Tasmania."
