Fonterra sells Tip Top ice cream business to Froneri for US$250m

NEW ZEALAND – New Zealand’s dairy giant, Fonterra has agreed to sell its Tip Top ice cream business to global ice cream manufacturer Froneri for US$250 million (NZD 380 million). The transaction is expected to […]

Fonterra recognizes high-performing farmers in new sustainability approach

NEW ZEALAND – The leading New Zealand’s dairy co-operative, Fonterra has unveiled a new sustainability approach which recognises farmers who strive to produce high-quality milk sustainably. Fonterra says the new approach will help equip farmers […]

Fonterra returns to profitability with 2% rise in sales volume, to sell DFE Pharma stake

NEW ZEALAND – The New Zealand dairy co-operative, Fonterra has reported a net profit after tax of US$54.7 million (NZD 80 million), up 123% boosted by increase in sales volume. In the six months ended […]

Yili to buy New Zealand’s Westland Co-operative Dairy for US$404m

NEW ZEALAND – Yili group, the state-owned Chinese dairy company has entered an agreement to acquire Westland Co-operative Dairy Company, an independent co-operative dairy company in New Zealand for US$404 million. The conditional scheme implementation […]

Fonterra appoints Judith Swales as head of Global Consumer and Foodservice

NEW ZEALAND – The New Zealand dairy giant, Fonterra has appointed Judith Swales as the company Chief Operating Officer, Global Consumer and Foodservice effective immediately. Judith Swales was appointed to the role in acting capacity […]

Fonterra appoints Miles Hurrell as Chief Executive Officer

NEW ZEALAND – Dairy giant Fonterra has named Miles Hurrell as the company’s new Chief Executive Officer with immediate effect, after serving in the position as interim since August last year. During his tenure as […]

Nestle acquires New Zealand technology to fight iron deficiency

NEW ZEALAND – Global food giant, Nestle has acquired a novel technology developed by New Zealand scientists to help tackle iron deficiency, one of the world’s widely spread nutritional deficiencies. Called FERRI PROT, the technology […]

Ingredion’s Reb M stevia sweetener receives approval in New Zealand

NEW ZEALAND – Food Standards Australia New Zealand (FSANZ) has approved Ingredion’s BESTEVIA Reb M Stevia Leaf Sweetener for use as an intense sweetener in food and beverages. The governmental standards authority said that through […]

Fonterra sells Farm Source livestock division to Carrfields Livestock

NEW ZEALAND – The global dairy giant has announced that it will sell the Farm Source™ livestock division to Carrfields Livestock, a family-owned livestock and dairy herd agency. The deal whose price was not disclosed […]