The deal will see the companies design, construct and operate an organic spray drying facility in Australia.
Under the venture Wattle Health will have a 45 per cent ownership interest, with Organic and Niche holding 50 and 5 per cent respectively to form Corio Bay Dairy Group (CBDG).
The deal will enable Wattle Health to become one of a handful of nutritional dairy companies to have access to vertical integration from the farm to the consumer.
Shares in Wattle Health (ASX:WHA) are currently in a trading halt they last traded at $2.26
By: Anna Napoli
Source: Finance News Network