Fonterra Expands China Foodservice Business with New Anchor Essence Cream
Fonterra is strengthening its foodservice presence in China with the launch of a new cream for professional bakeries at Bakery China 2026 in Shanghai.
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?
