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November 15, 2005

NEW ZEALAND: Fonterra to buy Kapiti Fine Foods

New Zealand dairy giant Fonterra has announced that it has agreed to acquire Kapiti Fine Foods from Foodstuffs Wellington.

New Zealand dairy giant Fonterra has announced that it has agreed to acquire Kapiti Fine Foods from Foodstuffs Wellington.

The agreement is subject to approval from the New Zealand Commerce Commission (NZCC) and completion of the formal due diligence process.

“The acquisition of Kapiti Fine Foods will further support Fonterra Brands’ ‘Winning through Brands’ strategy which focuses on strong brands that deliver faster growth and better margins,” said Fonterra Brands’ managing director Sanjay Khosla.

“Under the proposed agreement Fonterra Brands will acquire a range of assets including production sites at Palmerston North and Paraparaumu. Fonterra Brands will also acquire the rights to supply the Pam’s milk and cream brand in the lower-North Island. The Kapiti branded cheese and ice cream will provide a strong high-value brand in specialty segments,” Khosla said.

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The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
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  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
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Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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