Keytone Dairy buys Australian UHT drinks maker Omniblend
Keytone Dairy has secured a deal to acquire Australian UHT drinks manufacturer Omniblend for AUD22.6m ($15.5m) as it targets growth in China. The post Keytone Dairy buys Australian UHT drinks maker...
View ArticleFonterra targets 100% recyclable and reusable packaging by 2025
New Zealand dairy cooperative Fonterra has pledged to make all its packaging recyclable, reusable or compostable by 2025. The post Fonterra targets 100% recyclable and reusable packaging by 2025...
View ArticleDanone to invest $26.5m in Nutricia plant in New Zealand
Danone has announced a NZD40m ($26.5m) investment in its Nutricia spray drying plant in New Zealand to help the site achieve carbon neutrality by 2021. The post Danone to invest $26.5m in Nutricia...
View ArticleFonterra plans to reduce stake in infant formula maker Beingmate
Fonterra has announced its intention to sell a portion of its 18.8% stake in Chinese infant formula manufacturer Beingmate. The post Fonterra plans to reduce stake in infant formula maker Beingmate...
View ArticleFonterra predicts record loss for 2019 after series of write-downs
Fonterra has said it is on track to record an annual loss of as much as NZD675m ($435.2m) due to a range of write-downs across its global business. The post Fonterra predicts record loss for 2019 after...
View ArticlePrinova establishes new subsidiary in Australia and New Zealand
Prinova Group has launched a new subsidiary in Australia and New Zeland, as the company seeks to enhance its presence in the Asia-Pacific market. The post Prinova establishes new subsidiary in...
View ArticleNutricia introduces Karicare Toddler Sheep Milk innovation
Nutricia has launched a Karicare Toddler Sheep Milk formulation, which it says represents “a significant step for the New Zealand sheep dairy industry”. The post Nutricia introduces Karicare Toddler...
View ArticleA2 Milk boosted by performance in China as profit increases 47%
The A2 Milk Company reported a 41.4% rise in revenue compared to the previous year as the company benefitted from strong results in China. The post A2 Milk boosted by performance in China as profit...
View ArticleMaxum Foods signs distribution deal for OptiBiotix’s SlimBiome
Maxum Foods has signed a deal with OptiBiotix Health to manufacture and distribute its SlimBiome weight management ingredient in Australia and New Zealand. The post Maxum Foods signs distribution deal...
View ArticleA2 Milk Company appoints Race Strauss as new CFO
The A2 Milk Company has announced that its chief financial officer (CFO), Craig Louttit, will step down from his role, to be replaced by Race Strauss. The post A2 Milk Company appoints Race Strauss as...
View ArticleFonterra sells 50% stake in DFE Pharma in move to reduce debt
Fonterra has agreed to offload its 50% stake in DFE Pharma, a joint venture with Friesland Campina, for NZD 633m ($401m). The post Fonterra sells 50% stake in DFE Pharma in move to reduce debt appeared...
View ArticleNew Zealand begins work to introduce bottle return scheme
New Zealand's government has started work on introducing a formal container return scheme in the country, as a way to reduce single-use packaging waste. The post New Zealand begins work to introduce...
View ArticleFonterra posts $380m annual loss following write-downs
Fonterra reported an annual loss of NZD605m ($380.1m) for the year to July as a result of a series of write-downs across its business. The post Fonterra posts $380m annual loss following write-downs...
View ArticleFonterra names Fraser Whineray as chief operating officer
Fonterra has appointed Fraser Whineray to its management team in the newly created role of chief operating officer, starting in early 2020. The post Fonterra names Fraser Whineray as chief operating...
View ArticleSynlait CFO Nigel Greenwood to leave dairy company next year
New Zealand milk processor Synlait has announced that its CFO Nigel Greenwood will step down from his role next year. The post Synlait CFO Nigel Greenwood to leave dairy company next year appeared...
View ArticleFonterra raises its forecast farmgate milk price
Fonterra Co-operative Group has increased its 2019/2020 forecast farmgate milk price range after achieving firm prices for its milk so far this season. The post Fonterra raises its forecast farmgate...
View ArticleFonterra partners with By-Health to develop nutritional solutions
New Zealand dairy cooperative Fonterra has entered into a strategic research and development partnership with global vitamin and dietary supplements enterprise By-Health. The post Fonterra partners...
View ArticleSynlait acquires New Zealand company Dairyworks for $71m
Synlait has announced a deal to acquire New Zealand-based Dairyworks, the owner of brands such as Alpine, Deep South and Rolling Meadow. The post Synlait acquires New Zealand company Dairyworks for...
View ArticleLion NZ agrees distribution deal with mixer brand StrangeLove
Lion NZ has signed a distribution agreement with premium mixer brand StrangeLove, as the company aims to capitalise on the growing appetite for premium mixers. The post Lion NZ agrees distribution deal...
View ArticleEpicurean Dairy fined $310k for falsifying listeria results
Epicurean Dairy Limited, manufacturer of “The Collective” brand, and its former directors have been fined a total of NZD 483,000 ($310,859) for repeatedly failing to report positive listeria results....
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