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  • ABOUT
    • Gama
    • Our Network
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  • PRODUCTS & SERVICES
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    • Innovation & Insight Reports
    • Gama Field Services
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  • CATEGORIES
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Fonterra

All the posts published.
1 MIN READ

Brazil: Fonterra and Nestle to sell DPA Brazil joint venture

December 19, 2022
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Food, Latin America, Mergers & Acquisitions

Dairy firm Fonterra and FMCG multinational Nestle have agreed to sell Dairy Partners Americas (DPA) Brazil joint venture to French dairy company Lactalis for BRL 700 million (approx. $133 million), subject to closing transaction adjustments. The sale, which has been delayed due to the pandemic related market conditions, is aligned with the co-op’s strategy of prioritising its New Zealand milk pool. Created in 2023, Fonterra holds 51% stake and Nestle …

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1 MIN READ

Chile: Fonterra divests Chile operations

November 24, 2022
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Food, Latin America, Mergers & Acquisitions

Dairy firm Fonterra has announced the divestment of its Chilean Soprole business. According to the company’s press release, the business was sold for about CLP $591.07 billion ($638.51 million) to dairy firm Gloria Foods. The decision to sell was made in April 2022, after the company released Fronterra’s strategy to 2030. Fonterra CEO, Miles Hurrell, commented the deal: “A key pillar of our strategy is to focus on New Zealand …

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1 MIN READ

India: Fonterra and Future Consumer end partnership

March 18, 2022
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Asia Pacific, Food, Mergers & Acquisitions

New Zealand dairy firm Fonterra and Indian food-led FMCG company Future Consumer have agreed to end their dairy joint venture in India. Fonterra is a global dairy nutrition company owned by 10,000 farmers and their families, united by a fundamental belief in the power of dairy to make a difference, while Future Consumer builds brands for India’s Fast Moving Consumer Generation. The joint venture between both companies started in 2018 …

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1 MIN READ

China: Fonterra to sell China JV farms

June 29, 2021
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Asia Pacific, Food, Mergers & Acquisitions

New Zealand dairy firm Fonterra, has agreed to sell off its two joint-venture farms in China to Singapore-based AustAsia Investment Holdings for $115.5 million. Fonterra has a 51% stake in the business and will receive NZD88 million (US$62.3m) in total asset sale proceeds, including cash on completion. To Fonterra CEO Miles Hurrell, the sale is another important step for the Co-operative and aligns to its strategy of prioritising New Zealand …

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1 MIN READ

Australia: Fonterra to acquire Dairy Country

September 15, 2020
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Asia Pacific, Food, Mergers & Acquisitions

The Australian division of New Zealand dairy firm Fonterra has announced that it has signed an agreement to purchase cheese processing firm Dairy Country from food and beverage company Retail Food Group. According to a Fonterra press release, the acquisition will support the company’s core strengths in the Australian retail cheese category, since Fonterra holds a market share of 23%, with a portfolio that includes brands such as Perfect Italiano, …

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1 MIN READ

Australia: Fonterra to sell Dennington milk plant to ProviCo

March 9, 2020
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Asia Pacific, Food, Mergers & Acquisitions

ProviCo, an Australian-based animal nutrition company, has announced the acquisition of the Dennington milk processing plant to Fonterra Australia. Described as one of the leading companies in animal nutrition in the country, ProviCo is a manufacturer of feed and vitamin fortified products for farm animals. According to sources, since the announcement of the factory closure back in May, Fonterra has been looking for a potential buyer for the Dennington factory …

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1 MIN READ

Australia: Fonterra to close Victoria site

May 28, 2019
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Asia Pacific, Food, Manufacture & Distribution

Fonterra, the New Zealand based dairy giant, has announced it is to close its processing plant in Dennington, Australia due to overcapacity and constrained milk supply. The closure of the factory, which is located in the south west of the state of Victoria and currently produces “lower value” products, comes amid “significant changes, including a declining milk pool” in the Australian dairy industry, Fonterra said. Commenting on the news, Fonterra Australia …

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1 MIN READ

UK: Fonterra sells Tip Top ice cream business to Froneri

May 14, 2019
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Europe, Food, Mergers & Acquisitions

Froneri, the ice cream joint venture of Nestle and R&R ice cream, has announced it has agreed to acquire the New Zealand ice cream business Tip Top from global dairy co-operative Fonterra for 380 million NZD ($250 million). The Tip Top name and its operations, including the Auckland based factory site at Mount Wellington will be maintained as part of the deal, Froneri said. Tip Top offers single serve ice …

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1 MIN READ

India: Fonterra forms joint venture with Future Consumer

August 8, 2018
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Asia Pacific, Food, Non-Alcoholic Drinks

Fonterra, the multinational milk processor, has announced that it has joined forces with the consumer goods firm Future Consumer, part of Future Group, to market dairy products in India. The new venture, which is to be called Fonterra Future Dairy Partners, will market a range of products for both retail and foodservice channels that will “help meet the growing demand for high-quality dairy nutrition in India”, according to a company statement. …

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1 MIN READ

Germany: Fonterra expands in nutrition space through Goodminton investment

March 5, 2018
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Europe, Food, Health & Beauty, Mergers & Acquisitions

Fonterra Ventures, the investment arm of the New Zealand dairy giant, has announced that it is bolstering its presence in the nutrition space through an investment in Goodminton, the German holding company behind the Foodspring start-up. Described as Fonterra Ventures’ “first strategic partnership”, the deal will enable Fonterra to tap into active nutrition, a segment which it described as rapidly expanding. Commenting on the deal, Judith Swales, Fonterra chief operating offficer, Velocity …

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1 MIN READ

Malaysia: Fonterrra invests $5 million in operations

May 17, 2017
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Asia Pacific, Manufacture & Distribution, Non-Alcoholic Drinks

New Zealand based dairy firm Fonterra has invested 20 million MYR ($5 million) in its Malaysian milk powder facility at its Susumas site in Kuala Lumpur. According to Jose Miguel Porraz-Lando, managing director of Fonterra brands Malaysia and Singapore, the investment is part of Fonterra’s commitment to food safety and quality. “We continually invest in our infrastructure to ensure we remain world-class in food safety, health & safety, and consumer …

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1 MIN READ

China: Fonterra introduces Upline range

December 12, 2016
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Asia Pacific, Food, Products

New Zealand based dairy specialist Fonterra has launched a new specially-developed “premium” product range in China under the Anchor brand, in response to “ongoing growth in demand for safe, high-quality dairy nutrition”. According to an article in the Asia Food Journal, the new Upline UHT milk range comes in a high-protein version called LiveUp and an organic version called NaturalUp. The former is said to contain 5.7g of protein per …

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1 MIN READ

Australia: Fonterra to sell off Wagga Wagga business

September 6, 2016
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Asia Pacific, Food, Mergers & Acquisitions, Non-Alcoholic Drinks

The Australian division of New Zealand dairy conglomerate Fonterra has announced that it is selling its Wagga Wagga business, the owner of the Riverina Fresh brand, to investment firm Blue River Group. Riverina Fresh is present in retail and foodservice channels, producing full cream, light and skimmed milk alongside cream, yoghurt and flavoured milk drinks. As well as local independents, Riverina Fresh milk is sold in Woolworths stores across the state …

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1 MIN READ

Australia: Fonterra launches microfiltered milk

February 29, 2016
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Asia Pacific, Food, Products

New Zealand dairy firm Fonterra has launched a new version of its Anchor Milk in that is claimed to feature a microfiltration technology to extend shelf life. Initially available in the Australian state of Victoria, Anchor Finely Filtered Milk uses microfiltration to remove 99% of the naturally occurring bacteria in milk via a technique that pushes the milk through a special ceramic filter. This creates a “beautifully fresh tasting” finished product …

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1 MIN READ

China: Fonterra launches Anchor Kids’ Golden Milk

August 18, 2015
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Asia Pacific, Non-Alcoholic Drinks, Products

New Zealand based dairy firm Fonterra has expanded its Anchor brand in China with the launch of a new ultra-premium milk range targeted at children. Anchor Kids’ Golden Milk, developed by the firm’s China Brands business, is described as having 3.6g protein per 100ml – said to be 20% higher than the average protein level for comparable products on the Chinese market – as well as high calcium content and …

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1 MIN READ

Switzerland: Nestle maintains status as the world’s biggest dairy company

August 10, 2015
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Europe, Financial, Non-Alcoholic Drinks

According to the Rabobank ranking for the year 2014, the Swiss company Nestle has maintained its positioned as the biggest dairy company in the world, with a total annual turnover of €20.9 billion ($23.2 billion). The French companies Lactalis (€14.7 billion / $16.3 billion) and Danone (€14.6 billion / $16.2 billion) made it to second and third positions, changing places compared to the 2013 ranking. The fourth place was taken …

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1 MIN READ

China: Fonterra buys 18.8% stake in Beingmate

March 23, 2015
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Asia Pacific, Food

New Zealand’s Fonterra Co-operative Group Ltd, the world’s largest dairy products exporter, has completed a partial tender offer to buy an 18.8 percent stake (worth US$551.95 million) in Chinese infant formula manufacturer Beingmate Baby and Child Food Co. Ltd. The amount is slightly less than the 20 percent stake the company had been planned to purchase. “Our goal was to acquire up to 20 per cent.  We are extremely satisfied …

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1 MIN READ

South America: Nestle and Fonterra joint venture to be discontinued

June 2, 2014
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Food, Latin America

Nestle has announced that it is to resume dairy production in various parts of South America in a deal that sees it buy back a number of facilities from dairy multinational Fonterra, as the two companies review their partnership in the region. Nestle and Fonterra first signed an agreement on dairy production in the continent in 2003, through the joint venture Dairy Partners Americas. The revised deal will see Nestle …

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1 MIN READ

Indonesia: Fonterra starts construction of new plant

April 8, 2014
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Asia Pacific, Non-Alcoholic Drinks

Fonterra, the New Zealand-based dairy company, has begun construction on its first blending and packing plant in Indonesia. Designed to support the growth of Fonterra’s brands such as Anlene, Anmum and Anchor Beneeto, the plant is located in West Java and is the company’s largest investment in the last 10 years. According to Australian Food News, the plant is expected to be opened by March 2015 and will create 150 …

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1 MIN READ

China: Fonterra finds finance to support business growth

January 22, 2014
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Asia Pacific, Food

Fonterra has announced it has raised $206.6M to support business growth in China. Fonterra reports that it has raised the amount from its second bond denominated in Chinese yuan. The five year so-called “dim sum” bond will be used to finance Fonterra’s expansion across the supply chain, with the move forming part of Fonterra’s plans to produce a “farm hub” in China. Announced in September 2013, the project aims to …

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1 MIN READ

New Zealand: Fonterra may face legal action from Danone

December 6, 2013
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Asia Pacific, Food

Dairy exporter Fonterra may face legal action from Danone over the recall of infant formula that the former claimed contained a potentially harmful ingredient. Danone aims to claim back compensation for what it says was a €350 million ($476 million) loss in sales following the recall of products in New Zealand and Australia. Negotiations started back in October in a bid to resolve the disagreement. At the annual meeting of …

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