ASX-listed Clover Corp takes 'fairly significant steps' to seize control of Melody Dairies

Melody Dairies' plant outside Hamilton. (Image: Google)

Fri, 24 Nov 2023

The Australian outfit, which formed a joint venture with the state-owned farmer to fund a Waikato spray drying operation, says it’s taken “fairly significant steps” to take control of the business.Four years ago, Melody Dairies was set up by Clover Corporation and Landcorp (Pāmu), as well as an entity connected to the now-collapsed Dairy Nutraceuticals, to fund, build and run the $50 million dryer.FoodWaikato, which is owned by the Hamilton city council, set up the first dryer nearly 10 years ago with Callaghan Innovation...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Stay informed on business, government and financial developments across New Zealand.
Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

On the Money

On the Money: A sports star joins Craigs, Vero centre and more

Mark Mitchell's fitness regime, Canadian billionaires, and more.

Victoria Young 5:00am

Opinion

Simon Robertson: The brewing Silicon Valley storm

An enormous amount of capital will vaporise during the epic tech battle.

Simon Robertson 5:00am

Technology

Why are the young so vulnerable to phishing scams? Blame fomo

Making quick, instinctive decisions gets frequent social-media users in trouble.

The Wall Street Journal 5:00am

Why are the young so vulnerable to phishing scams? Blame fomo

Sponsored

The new face of luxury Scotch: Harrison Ford, the Traitors castle and an E-Type Jag

Harrison Ford’s Glenmorangie campaign breaks all the rules.

Glenmorangie Whiskey

Sponsored

Mastering market swings

ETFs can be a "smart" way to build a long-term, diverse portfolio.

Smart

More Finance

Finance

FMA files criminal charges against David McEwen

New Zealand’s financial watchdog has filed criminal charges against former financial adviser David McEwen for allegedly failing to comply with a stop order, which prevented him from contacting potential investors.The Financial Markets Authority (FMA) had made a permanent stop ord...

Staff reporters 18 Mar 2025