Fonterra considers sale of stake in Brazilian joint venture, to close Australian facility

USA – New Zealand dairy giant, Fonterra has announced that it has reached an agreement with Nestle for potential sale of respective stakes in their Dairy Partners Americas (DPA) Brasil joint venture. Fonterra has also […]

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 […]

Bubs Australia partners Fonterra to produce first organic infant formula

AUSTRALIA – Bubs Australia has partnered with New Zealand’s dairy co-operative, Fonterra to launch certified organic grass-fed cow milk infant formula in Australia. Bubs Australia has entered into a supply agreement with Fonterra to produce […]

Fonterra and Coca-Cola in strategic alliance to grow in Southeast Asia

ASIA – The world’s soft drinks giant, Coca-Cola and New Zealand’s dairy co-operative, Fonterra have entered into a strategic alliance to capitalize on the growing dairy and beverages market in Southeast Asia. The companies are […]

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 […]

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 […]

Fonterra backs Motif Ingredients in US$90m funding, considers complementary nutrition

NEW ZEALAND – New Zealand dairy giant, Fonterra has invested in Motif Ingredients, a US-based food ingredients company in a US$90 million Series A funding round.   The funding round which was also backed by […]

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 […]