The leading dairy company China Youran Dairy Group Limited (Youran), announced that its subsidiary Inner Mongolia Natural Dairy Co., Ltd agreed to purchase Fonterras two farming-hubs in Ying and Yutian for $513 million.
- Separately, Fonterra has agreed to sell its 85 per cent interest in its Hangu farm to Beijing Sanyuan Venture Capital Co., Ltd. (Sanyuan), for $42 million.
- Sanyuan has a 15 per cent minority shareholding in the farm and exercised their right of first refusal to purchase Fonterras interest.
In Sep 2020: The farmers owned dairy company Fonterra announced that its subsidiary Fonterra Australia has signed an agreement to purchase Dairy Country to expand its cheese business in Australia.
In September 2020, Fonterra has recently signed up as a foundation donor partner to the newly created New Zealand Food Network, a food charity that stores and re-distributes large volumes of surplus and donated food.
In January 2020, Fonterra had completed the sale of its 50% share of DFE Pharma to CVC Strategic Opportunities II. As previously announced in September 2019, this sale was subject to regulatory approvals from competition authorities and these have now all been received.
Fonterra Cooperative Group, headquartered in Auckland, New Zealand, is the world’s largest exporter of dairy products, and a leader in dairy science and innovation. The Cooperative Group is owned by more than 10,000 farmers. The companys product is enjoyed by millions of people in more than 100 countries. The group portfolio of well-known brands includes Western Star, Perfect Italiano, Bega, Mainland and Australian Dairies.