Why Fonterra Oceania makes sense

(Image: BusinessDesk)

Fri, 23 Feb 2024

Fonterra’s plan to merge its Australian business with its New Zealand brands unit isn’t a “super” surprising move, a dairy analyst believes.The co-op this week announced that from May, Fonterra Australia and Fonterra Brands NZ would become one under the new name of Fonterra Oceania.Other than saying it would be led by Fonterra Australia’s current managing director, Rene Dedoncker, it didn’t provide many other details.However, chief executive Miles Hurrell, in a brief letter to farmers released on the NZX, sai...

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