New Zealand dairy cooperative Fonterra has taken a stake in Lithuanian dairy business Rokiskio Suris.
It has paid NZD11.7m (US$8.5m) for a 10% stake.
Go deeper with GlobalData
The companies have been commercial partners for several years, with Fonterra sourcing raw material from Rokiskio Suris to make speciality products in Europe. It needed the investment injection to help it expands its export operations.
Rokiskio Suris has a number of factories, including two in neighbouring Baltic country Latvia.
Dalius Trumpa, chairman of the board of Rokiskio Suris, said: “Fonterra is a leading global company, and by becoming a shareholder of Rokiskio Suris it lifts our company to the very different, global level.”
See Also:
Rokiskio makes cheese, butter, whey protein and milk powders.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataFonterra is a New Zealand multinational dairy co-operative owned by around 10,500 New Zealand farmers.
