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20 Apr 2024 8:03
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      Home > News > National > Upper South Island

    A huge day for an iconic West Coast brand

    A huge day for an iconic West Coast brand


    Westland Dairy shareholders today vote on whether to sell the under-performing co-op to Chinese dairy giant, Yili .

    They're being offered three dollars 41 a share.

    Federated Farmers dairy spokesperson, Chris Lewis, says a lot of people will likely be voting with their head, not their heart.

    He says this is probably an emotional day for suppliers, but sadly financial circumstance means something's happening, when it shouldn't.

    Documents suggest former suppliers who've exited the co-op might wait years to see the 11-million-dollars they're owed.

    © 2024 Newstalk ZB, NZCity

     Other Upper South Island News
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     15 Apr: Nelson police have arrested three men after eight deer were targeted with a vehicle
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     10 Apr: A message for drivers to be cautious as the South Island's West Coast braces for another dumping of rain
     10 Apr: The West Coast's gearing up to face the worst of its poor weather today
     09 Apr: An off-roading track crash in Nelson has taken the lives of two people
     08 Apr: Forecasters say West Coasters should prepare for severe rain and gales
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