Divest Merge Acquire advised the owners of Pyengana Dairy in their successful sale to Tasfoods Ltd. Tasfoods Ltd owns and markets premier Tasmanian food brands. Pyengana Dairy, with its 130-year heritage of award-winning cheddar cheeses, was a natural addition to Tasfoods’ stable. The transaction brought the typical challenges of a family-owned private company being acquired by a sophisticated corporate player. Thorough due diligence by Tasfoods’ team cleared the way for a successful outcome, allowing the owners to achieve their own goals while creating growth opportunities for the business, its staff and other stakeholders.