News | Rural
9 Feb 2025 4:24
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  •   Home > News > Rural

    Another global dairy giant could take over some of Fonterra's most well-known brands

    Another global dairy giant could take over some of Fonterra's most well-known brands


    Fonterra
    Fonterra
    The New Zealand dairy co-op has confirmed plans to sell off its consumer arm, for up to three billion dollars.

    That would see it relinquish well-known brands like Anchor, Mainland Cheese and Kapiti Ice Cream.

    Forsyth Barr Senior Analyst Matt Montgomerie says Fonterra's reporting meaningful buyer interest for a potential trade sale.

    He says another dairy giant like Nestle or Danone could be interested.

    © 2025 Newstalk ZB, NZCity

     Other Rural News
     06 Feb: KiwiRail and Fonterra are celebrating a full return of rail volume to Northland
     29 Jan: Fonterra is investing 150 million-dollars in electrification over the next 18 months
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     16 Dec: An early Christmas present for sheep farmers, with rising export prices for lamb
     05 Dec: Fonterra has raised the midpoint of its forecast Farmgate Milk Price, by 50 cents, to 10 dollars
     20 Nov: Dairy prices have risen another 1.9 percent at this morning's Global Dairy Trade auction
     11 Nov: Good news for Kiwi dairy farmers, and more could be on the way
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