The business is based in Allansford, Victoria and is the oldest dairy processor in Australia, having been established in 1888.
[4] Initially, Warrnambool Cheese & Butter sourced their milk from local farmers, and in 1889 all suppliers became shareholders.
[6][7][8] In 2015, WCB paid A$137.5 million for a part of Lion Dairy & Drinks' business, including the cheese brands Cracker Barrel and COON.
[9] As of 2015[update] the company produces cheese, butter, cream and dairy ingredients, roughly half of which is sold overseas.
[10] It is also one of the two Australian producers making nutraceutical products from milk extracts, including bone supplements[further explanation needed] and baby formula.