Fonterra consumer business sale price jumps to $4.22b
The sale price of Fonterra’s global consumer and associated businesses to the world’s largest dairy company Lactalis has risen to $4.22 billion.
One of the architects of Fonterra says he’s very disappointed with the co-op’s performance over the years.
Tirau farmer, Tony Wilding says farmers expected better when they formed the co-op in 2001.
“It’s not the performance we had in mind when we formed Fonterra,” he told Rural News.
Wilding received a New Zealand Order of Merit in the New Year’s honours list for his contribution to the dairy sector and community.
Read: Dairy leader’s award richly deserved.
He was part of the negotiation team that merged Kiwi Cooperative Dairies and New Zealand Dairy Group, with the New Zealand Dairy Board to form Fonterra.
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Tony Wilding. |
With the negotiations tying up then NZDG chairman Henry van der Heyden and his deputy John Roadley for months, Wilding stepped up to serve as NZDG’s acting deputy chair. Despite his criticism Wilding fully supports Fonterra, pointing out he’s happy with the shift in strategy.
Wilding is also happy that “the days of hiring high-flying overseas CEO” are over.
He fully supports the appointment of New Zealander Miles Hurrell as chief executive last year.
“There is nothing wrong with us, Kiwis”.
The Government has struck a deal with New Zealand's poultry industry, agreeing how they will jointly prepare for and respond to exotic poultry diseases, including any possible outbreak of high pathogenicity avian influenza (HPAI).
The conversion of productive farmland into trees has pretty much annihilated the wool industry.
OPINION: Productive whole farmlands conversions into forestry are becoming a thorny issue for the Government.
Thus far in 2025, the Hawke's Bay rescue helicopter crew have completed over 220 missions, resulting in numerous positive patient outcomes.
The New Zealand Food Network's (NZFN) fifth birthday celebrations have been boosted by a whopping five tonne meat donation from meat processor ANZCO.
Pukekohe vegetable growers farewelled 101-year-old Alan Wilcox in late July, celebrating his many achievements and reflecting the widespread respect in which he was held.