Wagga Wagga, 24 October 2016 – Blue River Group is pleased to announce that it
has finalised the acquisition from Fonterra Australia of the Wagga Wagga dairy
business that produces the iconic Riverina Fresh brand.
On 29 August 2016 Blue River Group announced its intention to acquire the Riverina
Fresh business from Fonterra. The sale was subject to a number of conditions being
satisfied all of which have since occurred. The independently owned business is now
called Riverina Fresh Pty Ltd.
Blue River Group’s Co-CEO and Founder Craig Shapiro said the decision to acquire
Riverina Fresh reflects the company’s ethos of investing in businesses that generate
economic returns, but equally achieve positive and measurable social or
“We were greatly encouraged by the response we received from the employees, the
farmers and other key stakeholders following our announcement in August to acquire
the Riverina Fresh business. It’s an exciting time to be investing in the Australian
dairy sector and we look forward to ensuring there is sustainable growth for the dairy
industry in regional New South Wales” Mr Shapiro said.
About Blue River Group
Blue River Group was established in 2015 as an Australian impact investment
services firm. The sole purpose of Blue River is to undertake projects and deals that
generate economic returns for investors but equally achieve positive and measurable
social or environmental outcomes. It is a “profit with purpose” business.
As an independent impact market intermediary and deal facilitator, Blue River
leverages the expertise of its experienced team and partnership arrangements to
make impact markets more accessible to the global investment community. Blue
River enables impact investment through a broad spectrum of services spanning
from the creation and incubation of ideas through to impact advisory and financial
About Riverina Fresh
Riverina Fresh is a premium brand of specialised award winning milk, cream and
yoghurt collected from around 20 farms in the Wagga Wagga region of the Riverina,
NSW. The dairy farms are operated by local farming families, some of whom have
been producing milk for multiple generations.
For more information, please contact:
Blue River Group
(02) 8964 1337