Fonterra still exposed to Beingmate in Bubs supply deal

By Rebecca Howard | Mon, 06 May 2019


By Rebecca Howard May 7 (BusinessDesk) - Fonterra Cooperative Group will still be exposed to its former Chinese partner Beingmate Baby & Child Food Co, albeit one step removed, in a new supply deal with Bubs Australia.  Fonterra Australia will supply Bubs with organic milk powder, sourced from New Zealand and manufactured at its facility in Darnum, Victoria, Bubs said in a release to the Australian stock market yesterday. The conditional supply agreement runs until July 31, 2021.  The new Bubs Organic range of infant formula will be Au...