Russian baby food maker Nutritek has finalised an acquisition of the remaining shares in New Zealand Dairies Limited (NZDL).

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


The company has bought the outstanding 18% for NZ$16.7m (US$10.5m), an amount financed entirely through financial leverage against a pledge of the purchased shares with the rest of funding coming from NZDL funds.


Nutritek said the transaction removes the risk of imminent divestiture and enhances the integrity of NZDL and that of Nutritek as a group.

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now