Fonterra plans to consolidate specialty cheese production plants after annual net loss

Fonterra plans to consolidate specialty cheese production plants after annual net loss

Fonterra Co-operative Group, a New Zealand multinational dairy co-operative, is planning to consolidate its specialty cheese production plants following poor annual financial performance for FY19. The co-operative, with two specialty cheese production facilities sites operated by Fonterra Brands New Zealand, will move its Te Roto operations to Eltham Bridget Street. Fonterra announced its FY19 annual […]

Fonterra acquires stake in US whey protein business Columbia River Technologies

Fonterra acquires stake in US whey protein business Columbia River Technologies

Food acquisition news : New Zealand-based dairy company Fonterra Co-operative Group has acquired a stake in US-based whey protein concentrate and lactose manufacturer Columbia River Technologies. The financial terms of the Fonterra acquisition of Columbia River Technologies has not been disclosed. With the transaction, the dairy giant joins Tillamook County Creamery Association (TCCA), an American […]