The dairy makes highly acclaimed and awarded blue, cheddar, brie and camembert specialty cheeses.
During the mid-1970s, the King Island Dairy was in financial difficulties, ceasing butter production in 1975,[12] and in 1977 receivers were appointed.
On 1 July 1978, William J. and Robyn Kirk, Interlandi Cheese (Tasmania), bought the King Island Dairy for $180,000.
The Kirks in 1984, with financial assistance from the Tasmanian Development Authority, reorientated the company's upmarket cheese production, launching a signature Brie in April 1985.
The Tasmanian government dispossessed the Kirks in early 1986,[14] for their outstanding loan, and sold King Island Dairy to Transequity, a Melbourne-based company, for $300,000.