For the last three decades, the King Island Dairy Company has had a new owner on average once every five years. It’s not an easy business. The 132-year-old dairy, which sells its brie, camembert and cheddar to Coles and Woolworths, is on an island halfway between Tasmania and Victoria.
Now it has a new owner, former investment banker Nick Dobromilsky. The question is whether he and his business partner Graeme Wilson, who made his fortune manufacturing plastic food containers under the Decor brand, can succeed where King Island Dairy’s former owners have not.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
