Forget about another share trading review
Former Fonterra director Nicola Shadbolt says the recent collapse of a few dairy cooperatives should be blamed on their strategy, not their co-op structure.
Canadian dairy company Saputo says its acquisition of Murray Goulburn will add to and complement the activities of its dairy division in Australia.
“By acquiring a well-established industry player, the company reinforces its commitment to strengthen its presence in the Australian market,” it says.
Saputo says it intends to continue to invest in its Australian platform and contribute to the ongoing development of its domestic and international business.
Saputo bought Warrnambool Cheese and Butter in 2014.
The sale includes all of MG’s assets and operating liabilities and is subject to approval from the Foreign Investment Review Board and the Australian Competition and Consumer Commission Saputo expects the transaction to close in the first half of next year.
MG produces a full range of high-quality dairy foods, including drinking milk, milk powder, cheese, butter and dairy beverages, as well as a range of ingredient and nutritional products, such as infant formula.
It supplies the retail and foodservice industries globally with its flagship Devondale, Liddells and Murray Goulburn Ingredients brands. Murray Goulburn has approximately 2,300 employees and operates eleven manufacturing facilities across Australia and China.
South Waikato farm manager Ben Purua’s amazing transformation from gang life to milking cows was rewarded with the Ahuwhenua Young Maori Farmer award last night.
Bankers have been making record profits in the last few years, but those aren’t the only records they’ve been breaking, says Federated Farmers vice president Richard McIntyre.
The 2023-24 season has been a roller coaster ride for Waikato dairy farmers, according to Federated Farmers dairy section chair, Mathew Zonderop.
Ministry for Primary Industries (MPI) director general Ray Smith says job cuts announced this morning will not impact the way the Ministry is organised or merge business units.
Scales Corporation is acquiring a number of orchard assets from Bostock Group.
Family and solidarity shone through at the 75 years of Ferdon sale in Otorohanga last month.