Unilever reviews its Australia and New Zealand ice cream business unit

AUSTRALIA – Unilever has announced an extensive review of its Australia and New Zealand ice cream business unit as the company seeks to cushion the business from volatility in the ice cream market. The company […]

Synlait to acquire New Zealand company Dairyworks for US$71m

NEW ZEALAND – The Canterbury-headquarter dairy company, Synlait has secured a deal to acquire New Zealand-based Dairyworks for NZD112 million (US$71.1 million) to support its expansion in Australia. Based in Christchurch – South Canterbury, Dairyworks […]

Fonterra partners with By-Health to bolster research on nutritional solutions

CHINA – New Zealand dairy cooperative Fonterra has entered into a strategic research and development partnership with global vitamin and dietary supplements enterprise, By-Health. The companies will focus on developing nutritional solutions for the health […]

Arla Foods chief financial officer Natalie Knight to step down

DENMARK – Arla Foods has announced that Natalie Knight, the company’s chief financial officer will be leaving the company on 29 February 2020. Natalie, who joined Arla Foods in January 2016, will be leaving the […]

Arla Foods adopts science based targets to accelerate sustainability agenda

NEW ZEALAND – Farmer owned dairy cooperative, Arla Foods’ target to reduce total CO2 emissions with 30 per cent by 2030 has been officially approved by the Science Based Target initiative as aligned with climate […]

Fonterra appoints Fraser Whineray as new chief operating officer

NEW ZEALAND – Fonterra has appointed Fraser Whineray to its management team in the newly created role of Chief Operating Officer, starting in early 2020. Mr Whineray will join the dairy cooperative form the New […]

Fonterra reports annual loss, unveils new strategies to drive profitability

NEW ZEALAND – Fonterra reported an annual loss of NZD 605 million ($380.1 million) for the year to July as the dairy cooperative struggled with write-downs across its business amounting to NZD787m (US$497.4m). Fonterra witnessed […]

Fonterra offloads 50% stake in DFE Pharma in debt management strategy

NEW ZEALAND – Fonterra has agreed to sell its 50 percent stake in DFE Pharma, a joint venture with Royal Friesland Campina, for NZD 633 million (US$401 million). The 50% stake in DFE Pharma will be […]

A2 Milk appoints Race Strauss as new chief financial officer

NEW ZEALAND – The milk and infant formula products company, A2 Milk has appointed Race Strauss to the position of chief financial officer (CFO). Strauss will assume office in the second half of the 2020 […]