Thomsons advises Norco with dairy business expansion into China

Nov 9 2012

News

Thomsons Lawyers is advising Norco, a New South Wales, Australia-based farmers co-operative with plans to enter the Chinese market within the next 12 months.

 

Chief Executive Partner, Adrian Tembel, said the firm’s extensive experience in agribusiness coupled with its corporate and commercial capability ensured Thomsons was positioned to deliver superior value to the client on this assignment.

 

“Special Counsel, Greg Clifton, is leading the corporate team providing corporate and commercial advice to Norco,” he said.

 

“Greg has an excellent track record in providing mergers & acquisitions and corporate advice to various clients.”

 

Norco plans to sell its fresh milk in China and is exploring possible channels to achieve this. Options could include distributing its product through a Chinese supermarket, as it does with its Australian operations, or partnering with a co-operative or dairy company. It is undergoing an AUD 4.5 million capital expenditure program to improve its capacity in milk production. It is also looking to organically grow its ice-cream division in Japan through its existing distribution channels.