WA-based Brownes Dairy is up for sale after its biggest lender Chinese Mengniu Dairy called in its $200m loan. McGrathNicol, appointed by Mengniu to find a buyer for Brownes’ holding company does not anticipate any changes in day-to-day activities.

Brownes is a market leader in WA milk and sells yogurt, cheese and coffee across the country in IGA, Woolworths and Coles outlets. Brownes employs 300 people with annual sales close to $300m.