Suitors line up
OPINION: As Fonterra's divestment of its Oceania and global consumer businesses progresses, clear contenders are emerging.
The a2 Milk Company (a2Mc) has been given the regulatory approval to buy 75% of Mataura Valley Milk, Southland.
The company says it has received approval from the New Zealand Overseas Investment Office (OIO).
A key feature of a2MC's proposed investment in Mataura Valley Milk is that current majority shareholder, China Animal Husbandry Group (CAHG), will retain a 25% interest alongside a2MC.
CAHG is a wholly owned subsidiary of China National Agriculture Development Group Co Ltd, which is also the parent company of a2MC's strategic logistics and distribution partner in China, CSFA Holdings Shanghai Ltd. (China State Farm).
Mataura Valley is a dairy nutrition business. A2 Milk says the transactin will be completed by end of the month.
"As previously advised, the proposed acquisition will provide the opportunity for a2MC to participate in nutritional products manufacturing, provides supplier and geographic diversification, and strengthens our relationship with key partners in China," the company says.
Boutique Waikato cheese producer Meyer Cheese is investing in a new $3.5 million facility, designed to boost capacity and enhance the company's sustainability credentials.
OPINION: The Government's decision to rule out changes to Fringe Benefit Tax (FBT) that would cost every farmer thousands of dollars annually, is sensible.
Compensation assistance for farmers impacted by Mycoplama bovis is being wound up.
Selecting the reverse gear quicker than a lovestruck boyfriend who has met the in-laws for the first time, the Coalition Government has confirmed that the proposal to amend Fringe Benefit Tax (FBT) charged against farm utes has been canned.
Holstein Friesian excellence was front and centre at the 2025 Holstein Friesian NZ (HFNZ) Awards, held recently in Invercargill.
The work Fonterra has done with Ballance Agri-Nutrients Ltd, LIC and Ravensdown to save farmers time through better data connections has been recognised with a national award.
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