Two milk processing plants changing hands
Two large milk processing plants in New Zealand are changing hands.
Listed New Zealand company the a2 Milk Company - once a darling of the stock exchange - is the subject of takeover rumours.
Australian media reports that the world's largest dairy company Nestlé is eyeing the underfire manufacturer of A2-protein milk.
a2 Milk's market capitalisation had fallen from $16.1 billion to $4.7b over the past year. As the pandemic distrupted sales of its infant formula to Chinese consumers through the daigou channel, falling infant births in China and excess supply of its products also curbed consumer demand. The company had struggled to get on top of these challenges which resulting in it downgrading its earnings guidance four times in nine months.
The takeover rumour though has boosted the share price.
The Fencing Contractors Association of New Zealand (FCANZ) celebrated the best of the best at the 2025 Fencing Industry Awards, providing the opportunity to honour both rising talent and industry stalwarts.
Award-winning boutique cheese company, Cranky Goat Ltd has gone into voluntary liquidation.
As an independent review of the National Pest Management Plan for TB finds the goal of complete eradication by 2055 is still valide, feedback is being sought on how to finish the job.
Beef + Lamb New Zealand has launched an AI-powered digital assistant to help farmers using the B+LNZ Knowledge Hub to create tailored answers and resources for their farming businesses.
A tiny organism from the arid mountains of mainland Greece is facilitating a new way of growing healthier animals on farms across New Zealand.
Alliance has announced a series of capital raise roadshow event, starting on 29 September in Tuatapere, Southland.
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