THE state's dairy industry has continued to attract significant investment in the past 12 months - with the former United Dairy Power facilities the latest to sell.
On Wednesday last week Adelaide-based Beston Global Food Company announced it would buy the site out of receivership.
As part of the deal UDP would be rebranded as Beston Pure Foods and the two factories, in Murray Bridge and Jervois, would receive significant upgrades.
The UDP SA sites closed in late April after the company was placed into administration, leaving about 30 milk suppliers in limbo and 130 factory workers out of jobs.
Beston non-executive chairman Roger Sexton said the sites were expected to re-open in September, with the company targeting markets in China and other parts of Asia.
Dr Sexton said it planned to invest "considerable capital" to upgrade sites and increase production capacity.
It aimed to start with a throughput of 100 million litres and gradually build up to 200mL.
SA Dairyfarmers Association president David Basham said the sale was a positive for the industry.
"It was pleasing when we thought there wasn't much hope that someone would come along," he said.
"For dairyfarmers to have further choice of where to supply milk is good."
He said it was indicative of a larger trend of investment into the industry, coming only a few months after the Midfield Group's $60m expenditure to switch the former McCain's potato processing plant in Penola to milk powder processing.
"There is a lot of interest in investing in milk, a lot of people see the potential," he said.
"This (the UDP site) is a cheaper way to do it since the plant has existing approval."
He said in order to entice suppliers away from existing milk arrangements, there could be a lift in price offers.
"To attract milk supply Bestons and Midfield will have to be very competitive," he said.
Regional Development Australia Murraylands and Riverlands chief executive Brenton Lewis said the sale was good news.
He was optimistic even more positives could come from the process.
Mr Lewis, who is also the Rural City of Murray Bridge mayor, said the acquisition was a positive for the region.
"I'm very pleased Beston is in the position to carry (the sale) through," he said.
"There is also opportunity to go further.
"(RDA) is looking forward to hearing other good news come out of the collaboration."
Mr Lewis said it allowed opportunities for further development through potential collaboration.
