Fonterra completes Tasmanian dairy takeover

Last updated 11:24 27/11/2013

Relevant offers


Blue Read remains a co-operative champion Dairy farmers better off staying with their grazier for rearing heifers The not so glamorous side of farming Our People Michael and Ruth Prankerd Positive signs around the corner for dairy slump to return to average trading Dealing with El Nino this season More dairy cows in New Zealand Carrickmore drops out of infant formula business Fonterra AGM another yawn? Kiwi dairy rivals deaf to low price signals: Rabobank

Fonterra is now an even bigger cheese in Tasmania, after finalising its purchase of Tamar Valley Dairy in the Australian island state.

Tamar's yoghurt business is now under full ownership and management of Fonterra Australia.

The acquisition of Tamar's processing equipment, services, intellectual property and trademark, will see 122 jobs kept but 18 roles made redundant.

Fonterra Australia managing director Judith Swales said the purchase strengthened the company's position as a leader in the dairy industry across the Tasman and Tamar's products complemented Fonterra's existing yoghurt portfolio, which included market leader Nestle SKI.

In Tasmania, Fonterra already operates two manufacturing plants at Spreyton and Wynyard in the north of the state.

The company processes half of Tasmania's milk, collecting more than 500 million litres from 260 farms a year. It employs 220 people and over the past two years has invested $20 million in the two plants.

Ad Feedback

- Stuff

Special offers

Featured Promotions

Sponsored Content