SWITZERLAND: Nestlé and New Zealand's Fonterra to enter into dairy alliance for the Americas
Nestlé S.A., the world's largest food group, and New Zealand's Fonterra Co-operative Group Ltd, the world's most important exporter of dairy products (resulting from the merger of the major New Zealand milk cooperatives and the New Zealand Dairy Board and formerly known as Globalco), today announced that they are negotiating an alliance to create a number of joint ventures in the dairy business. These ventures will be restricted to North, Central and South America and are subject to due diligence as well as to regulatory and other clearances. They will cover a wide range of dairy products, including shelf stable as well as chilled refrigerated milk foods and beverages under their respective existing brands. Infant formula, evaporated and condensed milks, certain speciality products, cheese and butter are not covered by the alliance. The joint ventures will be managed by senior executives from both founding partners of the alliance and will report to a joint supervisory board.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- General Mills sales woes continue - analysis
- Why personalisation will take-off in US food
- Comment: Meal kits in US - don't believe the hype
- US food next wave on display at Winter Fancy Food
- Column: Kraft Heinz, Unilever and sustainability
- Unilever 'lining up spreads sale'
- UK own-label firm Park Cakes sold in MBO
- Immigration crackdown "risk" for US dairy industry
- BRF plant suspended amid bribery allegations
- Kraft Heinz cuts jobs in US, Canada