# Mason Dairy sells 75% stake in Blend and Pack for $55M

Mason Dairy, a subsidiary of Mason Group, agreed to sell 75% of the issued share capital of GL Food Holdings Pte. Ltd., which indirectly holds Blend and Pack, to WHAI for $55 million. Blend and Pack is an Australian dairy and nutritional formula blending, packaging and distribution company.

- Type: Acquisition
- Announced: 2019-11-14
- Where: Australia, Australia
- Value: $55.0M
- Status: announced
- Products: dairy products, nutritional formula products
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md)

## Companies

- [Mason Group](https://endata.com/companies/37226.md)
- [Blend and Pack](https://endata.com/companies/37225.md) (target)
- [WHAI](https://endata.com/companies/43315.md) (acquirer)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/252227.html), 2019-11-15: "出售Blend and Pack并即时收到3000万美元的所得款项，及认购WHA及WHAI以有抵押品的形式发行的承兑本票以保证公司日后的利益，符合集团的利益。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.