Pauls owner Parmalat eyes Asian growth as rivals stumble
Parmalat Australia, which owns the big-selling milk brand Pauls, Vaalia yoghurt and Oak flavoured milk, produced a 9 per cent rise in annual revenues to $1.8 billion in 2016 in a fiercely competitive sector where large rival Murray Goulburn has been in turmoil. By Simon Evans
Fonterra to sell Australian yoghurt dairy desserts business
Fonterra Co-operative Group Limited has today announced the intention to sell its Australian yoghurt and dairy dessert business to Parmalat Australia Pty. Ltd. Both parties entered into exclusive negotiations which have now culminated in the signing of a sale agreement.
Fonterra offloads Tamar Valley and other yoghurt brands to Parmalat
The world’s biggest dairy exporter, Fonterra, has sold its Australian yoghurt and dessert business for an undisclosed sum to shore up the profitability of its local operations and improve returns for farmers.
NZ dairy exporter Fonterra aims to lift profits after tough year
It has been a tough start to the year for the world’s biggest dairy exporter, New Zealand monopoly co-operative Fonterra.
Dairy giant's funding fix
Two years on from its innovative listing in Australia and New Zealand, dairy powerhouse Fonterra is considering a new equity fund that could change how the industry is funded.
#Fonterra to keep investing, despite dairy decline
Dairy giant Fonterra will invest $100 million into its Australian business to keep a hold on domestic supply.
Swales looks for growth factor
HER first job was a neighbourhood milk run, but now Judith Swales runs Australia’s second- biggest dairy processor with the sort of zeal that reflects the huge opportunities fast opening up to the sector.
Australia Hopes #Dairy Industry Can Benefit From Growing Asian Demand
Australia should welcome foreign investment into its dairy sector and aggressively pursue free trade pacts with Asian countries, seeking to boost agricultural exports to feed Asia’s growing middle class, the country’s trade minister said.
Mergers on #Fonterra radar as profits drop
Fonterra chief financial officer Lukas Paravicini said the New Zealand dairy giant is «actively monitoring» consolidation opportunities in Australia just months after Canada’s Saputo snapped up Warrnambool Cheese & Butter in a $500 million-plus takeover battle.
#Fonterra races to meet dairy demand
FONTERRA will fast-track up to $NZ500 million ($467m) worth of projects aimed at boosting production of higher-margin dairy products, after conceding that demand from emerging markets was growing faster than expected.