Australian Mercantile Collections

Beleaguered Beston to update on financing and milk supply

Beleaguered Beston to update on financing and milk supply

Beston Global Food company, which has a debt load which dwarfs its valuation – largely held by NAB – is poised to update the market on its funding and milk supply.

The South Australian dairy company, mostly focused on cheese and lactoferrin, has been trying to shore up the balance sheet on a number of fronts with limited success to date.

The company’s loss-making Provincial Food Group meat division has been on the sale block for some time, with a sale originally expected to be…

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