Australian Dairy Nutritionals Group (ASX:AHF) has completed the sale of the Camperdown Dairy equipment and the transfer of the Manifold Street site lease.

The company said it received $1M for the sale and has shifted the lease to the buyer.

It also said the move is part of its strategy to focus on dairy nutritionals and will save $30k per month in operational costs.

Australian Dairy Nutritionals added the sale will also unlock more cash resources by repurposing fresh processing equipment that is no longer used.