Lactalis Secures Fonterra Assets in Successful Bid
French dairy giant Lactalis has successfully secured the acquisition of the consumer-facing assets of New Zealand-headquartered Fonterra. Lactalis confirmed the deal in a statement today...
Tag : Fonterra
Lactalis Set to Acquire Fonterra’s Consumer Division
Fonterra’s global consumer business, along with its integrated operations and consumer brands in Oceania, Sri Lanka, and the Middle East, is valued at over €2.8...
Bubs Australia Names Ex-Fonterra Executive as New CEO
Bubs Australia has announced the appointment of its second CEO in nearly two years, entrusting the leadership of the infant-formula company to Joe Coote, a...
Bega Group Targets Fonterra’s Oceania Division
Australian food and dairy company Bega Group is taking steps to obtain “informal merger clearance” from the country’s competition watchdog regarding a “potential” acquisition of...
Lactalis and Saputo Considering Purchase of Fonterra’s For-Sale Dairy Assets
Global dairy leaders Lactalis and Saputo are exploring opportunities to acquire the consumer-focused assets of Fonterra in New Zealand. Additionally, Japanese company Meiji Holdings Co.,...
Nestlé and Mars Join Forces to Support Fonterra’s Emission Reduction Initiative
Nestlé and Mars are collaborating with Fonterra to support the dairy giant’s farmer members in reducing emissions. The New Zealand-based cooperative announced that these food-manufacturing...
Fonterra Considers Trade Sale or IPO for Consumer Business Opportunities
Fonterra is advancing with plans to divest its consumer-oriented dairy business, exploring options that include either an initial public offering (IPO) or a sale to...
Fonterra to Construct New Cream Facility, Generating 70 Jobs
New Zealand’s Fonterra is poised to invest NZ$150 million (approximately $92.8 million) in establishing a new ultra-heat-treated (UHT) cream plant at its Edendale site, located...
Fonterra Increases Farmgate Milk Price Due to Surge in Commodity Prices
Dairy cooperative Fonterra announced an increase in its forecast for farmgate milk prices, driven by rising commodity prices within the food and beverage industry trends....
New CEO Appointed by Australian Dairy Group AHF
Australian Dairy Nutritionals (AHF) has appointed Mahinthan ‘Mahi’ Sundaranathan as its new CEO. This decision comes after Peter Skene stepped down from his position to...