Fonterra, based in New Zealand, has purchased the Nestle Australia based yogurt and dairy dessert business. The agreement will be effective September 1.
Fonterra Australia New Zealand managing director John Doumani said the agreement represented a significant step towards achieving the company’s growth strategy in Australia.
“We currently do not have a national presence in Australia’s yoghurt and dairy dessert sector,” he said.
“By acquiring Nestle’s yoghurt and dairy dessert business, it provides us with a national position and complements our existing portfolio where we hold leading national positions in cheese and spreads through our Mainland, Bega and Western Star brands.”
Other brands marketed by Fonterra include Brownes Fresh n Fruity yoghurt and CalciYum dairy dessert, while Nestles brands include Nestle Diet and All Natural yoghurts, Milo Mousse, Blissful and Munch Bunch.
3 Comments on “Fonterra Purchases Nestle Australia Business”
Hi, This is good agreement between two countries.This agreement is equally beneficial for both country.These types of activities are in favor of nation.
Hi, This is good agreement between two countries.This agreement is equally beneficial for both country.These types of activities are in favor of nation.
Hi, This is good agreement between two countries.This agreement is equally beneficial for both country.These types of activities are in favor of nation.