Mega dairy deals reshape New Zealand sector
New Zealand’s dairy landscape is undergoing a major transformation with two significant acquisitions completed this week, signaling a strategic shift in global dairy investments. French giant Lactalis has taken over Fonterra’s global consumer and related businesses in a deal valued at $4.2 billion, effective March 31, 2026. The acquisition includes the Mainland Group, featuring iconic…
Demand of dairy products from A2 milk New Zealand weakens : Synlait
Dairy processor Synlait Milk’s first-half profit dropped 76 per cent after Covid-19 weakened demand for the high-margin infant formula it makes for its largest customer, The a2 Milk Company. Profit slumped to $6.4 million in the six months ended January 31, from $26.2m last year. Sales rose 19 per cent to $664.2m. The Canterbury-based dairy…
Demand of dairy products from A2 milk New Zealand weakens : Synlait
Dairy processor Synlait Milk’s first-half profit dropped 76 per cent after Covid-19 weakened demand for the high-margin infant formula it makes for its largest customer, The a2 Milk Company. Profit slumped to $6.4 million in the six months ended January 31, from $26.2m last year. Sales rose 19 per cent to $664.2m. The Canterbury-based dairy…