AUSTRALIA/NZ: Domino's Pizza agrees cheese deal with Fonterra
New Zealand dairy giant Fonterra will be the sole supplier of cheese to Domino's Pizza in Australia and New Zealand under a new A$30m (US$21.9m) per annum long-term agreement for an initial term of five years, Domino's has announced.
Recent milk supply challenges in Australia had prompted Domino's Pizza to look for a cheese maker who could maintain supply. Domino's Pizza CEO Don Meij said Fonterra was chosen because of its ability to deliver the quantity and quality of cheese, at competitive prices, needed to serve Domino's Pizza's customers.
"Importantly this new agreement, in combination with other initiatives, will ensure that our margins are preserved despite price increases in the wider cheese market," Meij said.
"While Fonterra will be manufacturing Domino's Pizza specific cheese, its strong R&D focus and exceptional cheese making technology will provide Domino's Pizza with the opportunity to explore new products from time to time," he added.
Domino's Pizza and its franchisees operate 407 stores across Australia and New Zealand, employing more than 11,000 full-time and part-time staff and making more than 40 million pizzas each year.
Dairy company Fonterra today (Monday) announced its final plans for re-establishing milk-processing operations at its Takaka site, damaged by fire last month. Changes to the site mean that one-third f...
New Zealand dairy group Fonterra Co-operative has reiterated its ambition to make further acquisitions in Australia, which generates about 10% of its income, according to the Sydney Morning Herald new...
Dairy company Fonterra Co-operative Group Ltd has today (Tuesday) announced a series of organisational changes which it says are intended to enhance its innovation and manufacturing capabilities....
New Zealand dairy company Fonterra today (Tuesday) has announced that it is consolidating all its interests in Australia under the Fonterra name and further expanding its milk collection and processin...
Philippine food and beverage conglomerate San Miguel has declared its offer for Australian dairy company National Foods unconditional, even though it has not reached the 50% minimum acceptance conditi...
New Zealand dairy company Fonterra has formed a new joint venture with South African dairy company Clover Industries Ltd after getting the go-ahead from South Africa's Competition Tribunal, the New Ze...
Delivered pizza company Domino's Pizza has reported rises in sales and net income, driven up by strong global sales growth, for the first quarter ended 27 March 2005....
One of New Zealand's biggest dairy farming operations, Synlait Investments Ltd, is to stop supplying Fonterra and become an independent exporter from 2007/2008, it said today (Thursday)....
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