Wednesday, 19 February 2025 11:25

No buyers

Written by Milking It

font size decrease font size increase font size
Print
Email

OPINION: Australian dairy is bracing for the retirement of an iconic dairy brand.

Saputo Dairy Australia (SDA) announced last year the retirement of its King Island Dairy brand, after being unable to find a buyer for the 132-year-old brand and its current facility.

Over the past year, SDA has sought to maximise value for the business looking for commercial and financial alternatives for King Island Dairy, including a potential sale to a third party. The business employs 58 people and is the single biggest employer on the island which only has a population of 1,600.

Is this a good omen for Fonterra as it tries to sell off its Australian consumer business that includes some of the top dairy brands across the ditch?

More like this

Fonterra unveils first electric refrigerated truck

Fonterra unveils first electric refrigerated truck

Fonterra has unveiled the first refrigerated electric truck to deliver dairy products across Auckland.

Fonterra consumer business sale price jumps to $4.22b

Fonterra consumer business sale price jumps to $4.22b

The sale price of Fonterra’s global consumer and associated businesses to the world’s largest dairy company Lactalis has risen to $4.22 billion.

Fonterra seeks strong farmer mandate for sale

Fonterra chair Peter McBride expects a strong mandate from farmers shareholders for the proposed sale of its consumer and related businesses to Lactalis for $3.8 billion.

A great outcome - Hurrell

Fonterra chief executive Miles Hurrell says the sale of the co-op’s consumer and associated businesses to Lactalis represents a great outcome for the co-op.

Lactalis to buy Fonterra's consumer business for $3.8b

The world’s largest milk company Lactalis has won the bid for Fonterra’s global consumer and associated businesses.

Popular Reads

Massey Ferguson launches new MF 5M Series tractors

Massey Ferguson has announced the introduction of the MF 5M Series, offered over six horsepower steps from 95 maximum hp,…

Alliance offloading 70% stake to Irish meat company - report

Irish meat processor Dawn Meats is set to acquire a 70% stake in Alliance Group, according to a report in…

Two milk processing plants changing hands

Two large milk processing plants in New Zealand are changing hands.

Urgent action needed to restore Waikato lakes' health

Waikato is home to a diverse range of lakes, and experts say they urgently need better management and restoration.

Waikato dairy farmers enter 2025 regional council elections

Two Waikato dairy farmers and Federated Farmers leaders have thrown their hats in the ring for this year's Waikato Regional…

Featured

Fonterra unveils first electric refrigerated truck

Fonterra has unveiled the first refrigerated electric truck to deliver dairy products across Auckland.

Hort industry dishes out awards

Research and healthcare initiatives, leadership and dedication to the sector have been recognised in the 2025 Horticulture Industry Awards.

Halter reports profitable year for NZ operations

Virtual fencing and pasture management company Halter says its NZ operations has delivered a profit of $2.8 million after exclusion of notional items.

Manuka honey trader posts sour results

Manuka honey trader Comvita slumped to a $104 million net loss last financial year, reflecting prolonged market disruption, oversupply and pricing volatility.

Poultry industry, Govt sign landmark biosecurity deal

The Government has struck a deal with New Zealand's poultry industry, agreeing how they will jointly prepare for and respond to exotic poultry diseases, including any possible outbreak of high pathogenicity avian influenza (HPAI).

Top wool advocate bales out

The conversion of productive farmland into trees has pretty much annihilated the wool industry.

National

DairyNZ announces levy referendum date

DairyNZ has announced the date for its upcoming Milksolids Levy vote.

Agri Futures Scholarships 2025 open for young rural Kiwis

Applications are now open for the Agri Futures Scholarships, helping young Kiwis from rural backgrounds kickstart careers in agriculture and…

Farmers hail changes to Resource Management Act

Changes to resource management laws announced last week will spare thousands of farmers from needing an unnecessary resource consent just…

Waikato dairy farmers enter 2025 regional council elections

Two Waikato dairy farmers and Federated Farmers leaders have thrown their hats in the ring for this year's Waikato Regional…

Research shows farm ownership a viable goal

Buying a farm is challenging but still achievable according to research recently carried out by Smaller Milk and Supply Herds…

Machinery & Products

Stoll unveils first ISOBUS-integrated front-end loader

Stoll appears to have become the first frontend loader manufacturer to address the question of ISOBUS for front-end loaders, by…

From Fieldays to KiwiNet: Jade Luxton’s Sterineedle innovation gains national recognition

Back at the 2022 National Fieldays Innovation Awards, Jade Luxton, then a Year 13 pupil at St Pauls Collegiate School…

Drill combo for different soil types

Scheduled for release later in the year at Germany’s Agritechnica Event, Lemken’s new Solitair PT is a power harrow/drill combination…

A smarter way to mix milk powder

In the thick of calf rearing, logistics can play an important part of getting the job done quickly and efficiently.

Massey Ferguson launches new MF 5M Series tractors

Massey Ferguson has announced the introduction of the MF 5M Series, offered over six horsepower steps from 95 maximum hp,…

» Latest Print Issues Online

dairynewscover

ruralnewscover

winegrowercover

Milking It

Dreams aren't plans

OPINION: Milking It reckons if you're National, looking at recent polls, the dream scenario is that the elusive economic recovery…

Fatberg

OPINION: Sydney has a $12 million milk disposal problem.

» eNewsletter