Two Major NZ Dairy Deals Completed
Two major acquisitions in the New Zealand dairy sector were completed this week.
It has started construction on a $75 million butter plant expansion at its Clandeboye site in South Canterbury.
The build is part of Fonterra's commitment to invest up to $1 billion over the next three to four years in projects that generate further value and drive operational cost effectiveness.
It is also expanding its organic business to the South Island for the first time.
This is in addition to Fonterra's ongoing recruitment of organic farmers in the North Island, where more than 100 farms are already part of the Fonterra Organic Programme.
