The days of cafes getting milk in plastic bottles may be numbered if two young Dunedin entrepreneurs have their way.
Former Westland Milk chairman Pete Morrison says Yili’s new ownership represents a significant milestone for the former co-op and the start of a new era for the dairy industry on the West Coast.
Chinese dairy giant Yili says it will respect all contractual obligations to pay current and former milk suppliers of Westland Milk.
Senior staff of the Chinese dairy giant Yili will arrive this week to take the reins of their new acquisition Westland Milk Products.
Steady but prudent expansion is the key to success at the Ashburton Trading Society (ATS) in Mid-Canterbury.
Westland Milk Products’ sale to Chinese interests is an ironic end to the co-op, which last August was named New Zealand’s 2018 Cooperative Business of the Year.
Westland chair Pete Morrison has reiterated the terms under which protesting former suppliers had surrendered their shares that they say are worth millions.